A kiddie condo loan is a great home loan program for you or your student, but since the housing meltdown in 2008 the federal guidelines associated with mortgages have become a lot stricter. Before the housing meltdown, a college student could get a kiddie condo loan with no income as long as they had a […]
FHA Loan Qualifying Steps
First time homebuyers can take advantage of the many benefits the FHA home loan has to offer. One of these benefits is the ability to purchase a home with a low down payment and a less than perfect credit score, even borrowers who may have a lower debt to income ratio. Borrowers can enjoy the […]
Co-Signing A Kiddie Condo Loan
College students can apply for mortgages if they are employed and have a co-signer, many of the lender standards are stricter now, but it’s still a possibility for college students to own their own place. That fellow college student in your class living in the condo a few blocks from campus may actually be a […]
Five FHA Home Loan Facts
The lower down payments and more lenient lending standards make FHA loans one of the more popular options for mortgage borrowers. An FHA loan is a mortgage loan insured by the FHA also known as, the Federal Housing Administration. Borrowers who choose this option are required to pay for mortgage insurance, which protects the lender […]