credit Archives - South Park Mortgage, LLP

When you’re ready to take the exciting step of buying a house, you’ll likely encounter various financial terms and requirements along the way. One such requirement that’s crucial in the homebuying process is the tri-merge credit report. In this blog post, we’ll break down what a tri-merge credit report is and why it’s essential when…

Buying a home is a dream come true, but navigating the mortgage process can be complex and overwhelming! Whether you’re a first-time homebuyer or looking to refinance, understanding how to get a mortgage is essential. This comprehensive guide will walk you through the steps, demystify the jargon, and provide you with valuable insights to make…

Becoming a homeowner is a significant milestone that many aspire to achieve, especially first-time home buyers. However, the journey towards owning a home can often seem daunting, with financial barriers and complex processes to overcome. In a bid to make homeownership more accessible, both Fannie Mae and Freddie Mac have introduced special programs designed specifically…

1. Am I ready to own a home? You may be ready to buy a home if you have a good credit score, money saved up for a down payment and closing costs and make a stable income. However, answering this question requires more than just a knowledge of home loan types, down payments and credit scores.…

How an FHA manufactured home loan works An FHA manufactured home loan is a mortgage insured by the Federal Housing Administration (FHA) to purchase homes built in a factory. Although you may hear about FHA loans to buy mobile homes, the term “mobile home” was often used when referring to homes built prior to June…