It can be challenging saving money for a down payment on a home when you want to move, like, yesterday. While the suggested amount to save for a down payment is 20% of the purchase price, that isn’t necessarily the rule. There are also different types of loans and down payment assistance programs for nurses that allow for lower, or no, down payment.
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Category: Mortgage
Registered Nurse Mortgage Programs
Buying a home almost always requires obtaining a home mortgage loan to pay for it. There are several mortgage programs available to Registered Nurses. But, knowing which is best for you can take some research. We outline the most common home mortgage programs for registered nurses, and how Homes for Heroes can help you save even more money when buying a home.
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USDA Home Loans for Healthcare Workers
Healthcare workers who are looking to buy a home should considering getting a USDA home loan. These lesser-known home mortgage loans have several benefits, including no down payment required. While you do need to live in a rural area to qualify for USDA home loans for healthcare workers, you’d be surprised how big of a city you can actually live in to qualify.
USDA Home Loans for Nurses | Save on Closing Costs
Buying a home is one of the best investments you can make. There are several types of home loans available for people in all financial situations and geographic locations. The USDA Home Loan is a lesser known type of home loan, but it is a great option for homeownership for those with low to moderate incomes, and for those looking to live in rural areas. USDA Home Loans for nurses are a great option to utilize, as nurses and healthcare workers are in demand everywhere, especially in less populated areas. Read More “USDA Home Loans for Nurses | Save on Closing Costs”
Home Loans for Nurses | Save on Closing Costs
While on your search for the perfect home, you’ll need to consider how you’re going to afford the home once you find it. There are several different types of home loans for nurses you can choose from. They all have great advantages for first time home buyers and nurses who have already bought and sold more than one home. Let’s take a deeper dive into the four most common type of home loans for nurses.
Conventional Home Loans for Teachers
Almost everyone can think of one or two teachers that had an impact on their lives, no matter how old they get. Teachers are such an important person in every community, and deserve a chance to become permanent members of their communities through homeownership. One of the most common mortgage loan options is a conventional home loan for teachers. Find out more about these type of home loans and how Homes for Heroes can help you secure one.
How to Submit a Winning Offer with an FHA Loan
Many first-time home buyers use FHA loans because of the significant benefits they provide. But there are some unique considerations you have to keep in mind, particularly when it comes to actually writing an offer. Here’s a quick introduction to FHA loans as well as some tips on how to submit a winning offer using one of these loans.
FHA Home Loans for Healthcare Professionals
Owning a home is very important to many Americans. Homeownership gives you privacy and strong community ties. As medical professionals, strong community ties are important to you whether you run a private practice or work at a local hospital. One way to achieve your dream of owning your home is by using an FHA loan for Healthcare Professionals. FHA home loans are available to all healthcare professionals around the country. These loans are excellent for people who do not have very good credit but wish to purchase a home in their local area.
Why Rent-to-Own Homes May Not Be the Best Option
Home ownership is still a major part of the American dream for most people, and many can’t wait for the day when they stop renting and finally own their own home. But making that transition from renting to owning can be difficult financially, which is why some people take it quite literally, choosing to live in a rent-to-own home.
A rent-to-own home offers a unique opportunity for many prospective home buyers. But that doesn’t always mean it’s a good idea. Rent-to-own agreements come with a lot of risk for both renters and sellers. Here’s a look at how rent-to-own homes work and why you may want to consider other options.
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Understanding How Credit Works
Your credit score is one of the most important factors in getting qualified for a home mortgage loan. But what is a credit score, and what makes it go up and down? What is a good credit score to buy a house? Get ready to learn all about how credit works!