Browsing Tag

homebuying basics

Financing & Insuring

What Credit Score Do I Need for a Mortgage?

December 8, 2017

Wondering what credit score you need to qualify for a mortgage? You’d be wise to ask. Your credit score (also known as a FICO® score) is one of the most important elements of qualifying for a home loan—and helps lenders determine your interest rate in the event you do qualify. While there isn’t a strict credit score standard that applies to all lenders—who have varying  requirements for loan origination—there are baseline standards if you’re applying for an FHA loan backed by the US government. To…

Continue Reading

Share this article

Buying a Home

Which Homebuilder is the Best?

November 29, 2017

Just starting your new home search? Well, you may soon realize that not all homebuilders are created equal. Don’t assume every builder offers the same standard home features and options. Instead, do a little house-hunting homework. Here are some questions to keep in mind when comparing various homebuilders: How long have you been in business? Do you offer a variety of floor plans? Are there furnished models I can tour to get a better feel for your product? Will you allow me to personalize my…

Continue Reading

Share this article

Buying a Home

Infographic: What Homebuyers Need at the Closing Table

November 13, 2017

Whether you’re a first-time homebuyer or a repeat buyer who’s a little fuzzy on closing-day details, this infographic could help you prepare for a smoother experience at the closing table. These tips (and more) are included in our Ultimate Moving Pack, a free resource that you can download here.      

Continue Reading

Share this article

Financing & Insuring

What Down Payment is Needed for an FHA Loan?

November 3, 2017

Insured by the Federal Housing Administration (FHA), FHA loans are an attractive option for first-time and repeat homebuyers, as well as those interested in refinancing their current home loan. Many factors contribute to the popularity of FHA loans—chief among them being a lower down payment requirement (as low as just 3.5%), compared to as much as 20% with other loan types. How much savings could that 3.5% down mean for you? Let’s use an example house sale. If you’re an entry-level buyer scrimping and saving…

Continue Reading

Share this article

Buying a Home

What to Know When Moving From an Apartment to a House

October 13, 2017
New homeowner gazing out the window

Buying your first home is an exciting event! If you’ve been renting an apartment for years, there are a few things you should know when you make the transition to homeownership. Be sure to keep these simple facts and tips in mind as you embark on this next chapter in your life. Performing general maintenance When you buy a brand-new home, it’s not likely you will be making huge repairs or renovating on the weekends, but there are still maintenance tasks you will need to…

Continue Reading

Share this article