How to pay for FHA down payment and closing costs

The FHA down payment is just 3.5% for most borrowers. As down payments go it’s certainly a lot less than the 20% up front some mortgage programs require. But is there a way to make the FHA down payment even easier?

Mortgage rates today, April 24, 2019, plus lock recommendations

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Hispanic homeownership is up — especially in these areas

Homeownership among Hispanic Americans is on the rise. According to a new report, Hispanic homeownership rose to 47.1 percent in 2018 — its highest point since 2010. It also marks the biggest annual gain in homeownership for the cohort in 13 years.

What’s better? The FHA or USDA mortgage program?

FHA or USDA mortgages, which should you choose? It’s not an easy question and there’s no single answer which is right for everyone. But it’s a question many borrowers should ask. The right answer can mean big mortgage savings.

May 2019 mortgage rates forecast (FHA, VA, USDA, Conventional)

Mortgage rates are dropping to new lows. May could provide some of the lowest rates seen since early 2018 or even late 2017. This is the chance mortgage rate shoppers have been waiting for.

Indiana claims the nation’s best cities for families

Looking for a place to put down roots for your growing (or future) family? Apparently, Indiana is the place to do it. According to a new ranking, the state claims the nation’s two best cities for families.

Mortgage rates today, April 23, 2019, plus lock recommendations

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

How do FHA loans work? A 2019 primer on the popular FHA program

How do FHA loans work? Everyone has heard about such mortgages but why does a government financing program introduced in the 1930s work so well today, especially for first-time borrowers?

Homebuying power on the rise thanks to low rates and high incomes

American homebuying power has reached its second-highest point in the last 20 years. According to a new analysis, the average buyer can now afford a home priced as high as $391,037.