When considering buying a home, one of the first questions that comes to mind is, “How much house can I afford?” To answer that question, you need to take several key factors into account. These factors include your household income, your monthly debts (such as car loans and student loan payments), and the amount of…

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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.…

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1. Conventional loans A conventional loan is any mortgage that’s not backed by the federal government. Conventional loans have higher minimum credit score requirements than other loan types — typically 620 — and are harder to qualify for than government-backed mortgages. Borrowers who make less than a 20% down payment are typically required to pay private mortgage insurance (PMI)…

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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…

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Are you ready to take the exciting step towards owning your dream home? We’re thrilled to introduce you to our range of flexible and competitive mortgage solutions that can make your homeownership journey smoother than ever. Whether you’re a first-time homebuyer or looking to refinance your existing mortgage, we have tailored options to suit your…

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