Tag: FHA Loans
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Time to Make Financing a Manufactured Home Easier. Meanwhile, What a Difference Holding the Deed Makes!
Manufactured housing — and this includes mobile homes — make up a key segment of financially accessible housing. Today, 18 million people have roofs overhead thanks to manufactured homes. Most own them. Most are deed holders who took out mortgages from banks or credit unions. But it wasn’t easy for them. Some applied for regular…
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Buying a Home With Student Loan Debt in 2025
Do you have, or plan to have, student loan debt? Here’s a PSA for you: Yes, you can qualify for a mortgage, if you’ve determined homeownership is for you. More than 40 million people of the United States have student loan debt. And some 17 million of them are in the age category that produces…
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FHA Layoffs? Here’s What Home Buyers Want to Know
A powerhouse of the U.S. housing market seems at the brink of a major staff cut. HUD is the Department of Housing and Urban Development. It oversees the country’s FHA-backed loans. And it’s in for some turbulence.
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Back in the Game: How to Get Another Deed After a Bankruptcy, Foreclosure, or Short Sale
Finding a mortgage again after a financial setback can seem like an impossible feat. But it’s doable. Here, we consider foreclosures, short sales, and bankruptcies. We look at how they can be overcome for the purpose of acquiring a deed to a home.
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Will There Still Be FHA Loans? How Trump’s Return Could Impact Housing
And here it is: a new administration. What’s changing for home seekers and deed holders? Yes, there will still be FHA mortgages. There will still be conventional loans with government backing. But we can expect… All of these possibilities impact the value and availability of deeds for ordinary people. So, let’s do some Q&A to…
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Gen Z Rising: Younger Buyers’ Strategies in the Housing Market
Twentysomethings acquiring deeds? It’s a thing. But in this market, how are Gen Zers pulling it off? According to the National Association of REALTORS®, Gen Z now holds 3% of U.S. home deeds. And the numbers also suggest that many young buyers had to be awfully scrappy to get these deeds.
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Looking for a Path to Homeownership? Look Again at Down Payment Assistance.
The typical person can’t afford the typical home. As property values keep rising, down payments aren’t getting any easier to make. If you know the feeling, have you looked up down payment assistance? It can be a grant, with no repayment requirement. Or it could be a loan — possibly a forgivable loan. Even if…
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Divorced and Looking (For a House)
If you’re newly separated or divorced, you could be shopping for a home. Letting go of the home you shared with your former partner leads to a series of steps: from the deed you shared, to a new deed. A deed to a home of your own. Here, we spot the issues for the newly…
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The Rise and Rise of Down Payments
A down payment is the portion of a home’s purchase price the mortgage borrower pays upfront. You knew that. But did you know the median down payment for U.S. homebuyers is now more than $55K+? That’s remarkable. It was less than $45K just last year. Buyers often try to put 20% of the purchase price down.…
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Can’t Wait to Move. (If Only We Could Pack Up Our Low Mortgage Rate and Take It With Us!)
Some people wish they could move, but hesitate to sell their current homes. They might be thinking: “I’d gladly sell my home right now, if only I could shift the remaining 25 years of my 4%-interest mortgage to the next house I buy! (Oh, well.)” “Giving up our 3% rate and getting a new mortgage…
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Wraparound Mortgages: When They’re Used and How They Can Help
Ever heard the term wraparound mortgage? Because this is actually a set of two mortgages for the same home, it’s more complicated than a regular mortgage. It can present special risks, and it’s less commonly seen in the world of real estate. That said, some have used it to be able to get a home…
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Buy a Flipped Home, Get an FHA Loan. Like Oil and Water—Or Do They Mix?
Once upon a time, way back in 2003, the Federal Housing Administration instituted a 90-day wait for sales of homes by flippers. And to this day, only those who’ve owned for more than three months may sell to buyers who get FHA loans. Clearly, flippers need to keep this in mind. FHA-backed mortgages, of course,…
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Hispanics Will Be the Majority of New Homeowners by 2040. Can the Market Meet Their Needs?
This year’s trend study from CoreLogic® shows a steady rise in mortgage lending in mainly Hispanic neighborhoods. Hispanic buyers tend to be younger and less affluent than other buyers across the board. Many are coming into real estate as first-time buyers. They’re motivated. Many will opt for FHA loans if conventional loans are out of…
