Category: Buying a Home

2014 USDA Rural Development Loan Eligibility Updates

The National USDA Office in Washington DC has confirmed that they will be using 2010 Census data to update the USDA Rural Development program eligibility maps. Current USDA maps are based on the dated 2000 Census data. This change will not take effect until October 1st, 2014 however the changes will affect many areas nationwide… Read more »

Buy a house with your Tax Refund as a Down Payment

The end of the year can be a very joyous time for many of us. It is a time when we can spend some quality time with our families, experience the joy of giving to others, and reflect on how thankful we are. The end of the year also allows us to reflect on our… Read more »

How to Apply for a Mortgage Loan

The first step to becoming a homeowner is applying for a mortgage. This is a crucial step in the home buying process that cannot be overlooked. Many times, real estate agents even require that you are preapproved by a mortgage company before they will spend their time showing you homes. It is important to know that… Read more »

Important Mortgage Program Updates Regarding USDA Loans, Conventional Loans and FHA Loans

FHA Back to Work Program: Buying a Home after Foreclosure or Bankruptcy The Federal Housing Administration (FHA) has announced a program that allows a borrower to buy a home sooner after foreclosure, bankruptcy, deed-in-lieu, or short-sale. This new FHA program is called The Back to Work Program. This is an extension of the current FHA… Read more »

Top Reasons to Buy a Condo in Grand Rapids MI

One of the most popular  and affordable real estate options are to buy a condo in Grand Rapids, MI. Condo, which is short for Condominium, is somewhat like a perfect mix between an apartment and a house. There are many advantages to buying a condo versus purchasing a home. It allows homeowners to invest and build… Read more »

FHA Back to Work After Government Shutdown

While the Federal Housing Administration (FHA) was not fully closed during the government shutdown, they were running on limited staff for the 16 days of uncertainty. Most FHA Lenders and Banks continued to process and fund FHA loans during this time which has created a backlog of FHA endorsements and questions from these companies. In response to undoubtedly hundreds of… Read more »

The Government Shutdown is Over: Now Can I Close my Home Loan?

12:51 AM this morning of October 17th, 2013, President Obama signed a bill extending the Federal Government debt ceiling and allowing the Government Shutdown to end.  The US House of Representatives voted 285 to 144 to pass the bill which allows the government to reopen.  The US Senate had also passed this bill with an… Read more »

10 Reasons to Move to Grand Rapids, Michigan

Grand Rapids, Michigan is a city with a metro area of over a million people and is one of the most desired places to relocate in the world. The city is known as a great place for jobs, education, diversity, safety, and fun. The economy in the region is constantly growing and the real estate… Read more »