Posts Tagged ‘down payment’
What Does My Credit Score Have to Be to Get a Mortgage?
One of the most common questions I get from homebuyers is: What does my credit score have to be to qualify for a mortgage? The short answer is that it varies—but there are some general guidelines that apply across the board. Let’s break it down using Fannie Mae and Freddie Mac guidelines, as well as FHA guidelines, so you can get…
Read MoreHow Much Do I Need to Put Down on My Home?
This is a super common question I get, and the good news is—you probably need less than you think. Your down payment can vary depending on the type of loan you’re using, and whether you’re a first-time buyer, military, or buying a second home. Here’s a quick breakdown based on the most common loan programs:…
Read MoreCan Family and Friends Help Me with My Down Payment?
If you’re struggling to come up with the down payment for your new home, you’re not alone. Many first-time homebuyers turn to family and friends for help. But can they actually contribute? The good news is yes, but there are some important rules and guidelines to follow, depending on the type of loan you’re applying for. Let’s break it down…
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