USDA VS FHA Home Loans
The main commonality between USDA and FHA loans is that they are both backed by the federal government. This means that they are guaranteed by their respective government agencies against default.
- Jun. 27, 2023
- Home Loans
Ailin Goode
Staff Writer, New American Funding
Posts by Ailin Goode
FHA vs Conventional Loans: Key Differences
Each loan has its benefits. FHA loans are easier to qualify for, but a Conventional loan is likely to be less expensive if you qualify.
- Jun. 23, 2023
- Home Loans
An FHA Assumable Loan: What You Need to Know
Assumable loans allow potential homeowners to take over the previous homeowner’s mortgage directly when buying a house, benefiting both the buyer and the seller.
- Jun. 16, 2023
- Home Loans
Using an FHA Loan to Buy a Foreclosure
Purchasing a foreclosure with an FHA loan can be a great way to save money on a property that has the potential to become your home for many years or a great investment for the future.
- May 30, 2023
- Home Loans
VA Restoration of Entitlement
How much entitlement you have is also the deciding factor in how much you can borrow while still not being required to make a down payment, one of the main benefits of using a VA loan to buy your home.
- May 23, 2023
- Personal Finance
Ways to Pay Off Your House Early
The benefits associated with fully paying off your 30-year fixed-rate mortgage can help you focus on other outstanding debts you may have, things you’d like to experience, or a savings account you’re working on adding funds to.
- May 19, 2023
- Personal Finance
First-Time Homebuyer Expenses
Whether it’s a fixer-upper or a turn-key house, buying your first home is a momentous event. From the down payment to closing costs, furnishings, utilities and taxes, knowing what expenses first-time homeowners can expect will help you prepare yourself for the committed investment of homeownership.
- May 12, 2023
- Personal Finance
Cinco De Mayo: A Celebration of Mexican Heritage
The holiday Cinco De Mayo, translated to English as the Fifth of May, has a rich and dynamic history in the United States as a celebration of Mexican culture, heritage, and the empowerment of oppressed peoples.
- May 5, 2023
- Home Life
The Importance of Financial Literacy
Financial literacy is a tool of empowerment. Understanding how our financial system works and knowing what behaviors, habits, and tools are available to you can help you be successful within that system.
- Apr. 21, 2023
- Personal Finance
How to Buy Your First Home Without a Down Payment
First-time homebuyers can often feel overwhelmed when deciding to buy their first home. However, buying a home doesn’t have to be this stressful thanks to the few options that first-time buyers can utilize when looking to purchase a home.
- Apr. 14, 2023
- Home Loans