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Jordan Steinberg

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FHA home loans are gaining popularity with Gen Y – Young adults in their late twenties and thirties are now looking to buy a home. However, they’re worried about higher interest rates and saving enough for the down payment. It’s not shocking to see many turning to more borrow -friendly options like FHA home loans. This loan only requires 3.5 percent down for those who qualify. New data show that millennials are taking out FHA home loans more so than in past to buy a home. This helps them significantly when it come to competing against other buyers in markets…

The FHA home loan is the most common mortgage loan product insured by the FHA that allows homebuyers and renters who lacks of perfect credits and have not been able to save big downpayment, their best shot. FHA homebuyers are not people with truly bad credit — they’re just borrowers who don’t check all the boxes for a conventional (non-government) lender — high credit score, big downpayment, lots of money in the bank and a well-paying job. If you are not perfect but wants to be a homeowner, FHA home loans may be the best step you can take. Here…

“Within the 50 states, how many can allow buyers secure an affordable down payment?” If you don’t know the answers, you’re not alone. There are 19 million young Americans who are qualified for a mortgage who don’t have one. Here are four ways to become a homeowner without needing down payment: Government-Backed Loans Borrowers with credit scores of 580 and above can put down as little as 3% on a Federal Housing Administration-insured loan. This means that it is typically easier to qualify for an FHA loan in contrast to a loan with a private lender. However, FHA borrowers who…

Hi there! If you’re interested in buying a home but can’t afford the down payment, no need to fret. There are a number of no down payment mortgage programs that you might be able to qualify for. In fact, the following 6 programs are very much worth further investigation. USDA Loans VA Loans FHA Loans Navy Federal Credit Union 100% Financing FHA 203k Loans Conventional 97% LTV Mortgage What if I’m a first-time homebuyer? First-time homebuyers often don’t have capital sufficient enough for a down payment. This is why FHA loans are very popular. Borrowers can put zero down on their…