You’ve been saving to buy a new home, but what will it actually cost to buy a house you want? You have your down payment fund built up, and you’re pre-approved. It is our duty to inform you there are many fees, taxes and up front costs you’ll need to be prepared to pay – on top of your down payment. When you’re saving up to buy your dream home, these additional costs to buy a house. Read More
“Extra Cost To Buy a House | What You Need to Know”
Category: Mortgage
Down Payment Assistance Programs
Down payment assistance programs can save you significant money when purchasing a new home. If you plan to purchase a home, you know your down payment will be an important – and large – part of the process. Saving for a down payment can take years, so it’s important to find out what down payment assistance programs are out there and which of them you can use. Here are the options available for grants, national funding, and different types of home loans for down payment assistance.
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How Rising Inflation Rates May Impact Your Next Home Purchase
By now you’ve probably read the headlines on the impact rising inflation is having on the economy. Read on if you want to know how it is impacting your ability to purchase a home. Read More “How Rising Inflation Rates May Impact Your Next Home Purchase”
What housing shortage? Veteran mortgages hit an all-time record high
Where there’s a will there’s a way! Despite most people struggling to find a home in today’s hot housing market for the ninth fiscal year in a row, mortgages to our Veteran’s increased year-over-year, up 11.4% compared to fiscal year 2019, according to data from the Department of Veterans Affairs. Overall, the Department of Veterans Affairs loan insurance program backed an all-time record high 1.2 million loans. Read More “What housing shortage? Veteran mortgages hit an all-time record high”
USDA Home Loans for Teachers
There are several types of home loans specifically for teachers, because we all know they deserve a chance at homeownership with the tough job they have. But did you know that there is a specific government-backed loan for teachers looking to buy a home in rural areas? A USDA home loan for teachers requires zero down payment, is designed for lower credit scores, first time home buyers, and can be used across most of the United States? It’s called a USDA Home Loan, and while it sounds too good to be true, it’s the perfect mortgage option for teachers across the country. Read More “USDA Home Loans for Teachers”
First Time Home Buyer Programs for Educators
Just because you’re mentally ready to buy a house doesn’t mean that you’re financially ready. When you’re ready to buy, you don’t want to wait while you save for a down payment. While historically people saved 20% for their down payment, you can still get a great home and good mortgage with less, thanks to first time home buyer programs for educators. Between grants, national funding, and different types of loans, there is a home buying program out there for everyone. Read More “First Time Home Buyer Programs for Educators”
Home Loans for Educators
Educators have have an immensely important job within our communities. So, when it comes to buying a house, getting a home loan as an educator should be easy. Thankfully, there are a number of great home loan options available specifically for educators, as well as down payment assistance. Let’s take a look at some of the most common types of home loans for educators to buy a home, and how Homes for Heroes can help.
Educator Mortgage Programs
Trying to buy a home as an educator can seem challenging. After a demanding day at work, the last thing you’d like to do is think about what it takes to own a home. There’s also the added pressure and stress to come up with a large down payment. Luckily, there are several educator mortgage programs to save you money on your down payment and closing costs. Read More “Educator Mortgage Programs”
Conventional Home Loans for Educators
At Homes for Heroes, we want to see every hero join the ranks of homeowner. This includes educators and teachers. To buy a home, you’ll most likely need to take out a mortgage loan. But how do you choose? One of the most common mortgage loan options is a conventional home loan for educators. Find out more about this type of home loan and how Homes for Heroes can help you secure one. Read More “Conventional Home Loans for Educators”
USDA Home Loans for Educators
There are several types of home loans specifically for educators, in an attempt to give back for their hard work. But, did you know that there is a specific loan, backed by the U.S. government, that requires zero down payment? It also is designed for lower credit scores, first time home buyers, and can be used across most of the United States? It’s called a USDA Home Loan, and while it sounds too good to be true, it’s the perfect mortgage option for anyone in education. Read More “USDA Home Loans for Educators”
