Buying your first home is an exciting and empowering milestone. Owning a home gives you a space to call your own, as well as an asset that offers its own benefits and can build generational wealth.
Buying your first home in Tennessee is an exciting opportunity. Owning a home gives you your own space and is a reliable way to build generational wealth. The homebuying process can also be complex, but there are many benefits and resources that are available to first-time homebuyers.
Home inspections are not usually required by a lender the same way an appraisal is, but they can be very beneficial to a buyer by giving them insight into the property they want to purchase and potentially helping them negotiate the price of the house.
NAF exists to empower homeowners. While originating a loan can sometimes take only 30 days, servicing a loan can take up to 30 years. By servicing our own loans, we are able to build deeper relationships with our customers.
If you’re thinking about buying your first home in the Old Line State, know that there are a series of first-time buyer programs and mortgage options that can make the journey easier.
Hispanic Heritage Month is an annual celebration in the U.S. that honors the rich history, diverse cultures, and significant accomplishments of the Hispanic community. From September 15th to October 15th, educational events and cultural celebrations take place all over the country.
PMI is private mortgage insurance that is required by your lender on Conventional loans – most often, it’s required by when a borrower puts down less than 20% as a down payment on their new home.
The main commonality between USDA and FHA loans is that they are both backed by the federal government. This means that they are guaranteed by their respective government agencies against default.
Each loan has its benefits. FHA loans are easier to qualify for, but a Conventional loan is likely to be less expensive if you qualify.
Assumable loans allow potential homeowners to take over the previous homeowner’s mortgage directly when buying a house, benefiting both the buyer and the seller.