Tag: USDA Loans
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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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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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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.…
