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Are the Children of Veterans Eligible to Access VA Loans?
If you’re a veteran or a family member of a veteran, then you know that you’re entitled to a lot of benefits, which include accessing home loans. Through these VA loans, family members and veterans are able to buy, improve, or build a new home. Usually, these loans give lower interest rates and require little to no down payments as compared to a...
Your FHA Loan Application: 5 Things You Should Know
The Federal Housing Administration insures your home loan. Their lenient requirements make them an excellent option for first-time buyers or borrowers with low credit scores. But before you start processing yours, though, Pennix Mortgage, one of the best mortgage lenders in Cumming, GA, shares what you need to know about FHA loans: 1. All...
A Simple Guide on FHA Loan Limits For Borrowers in 2021
The United States Department of Housing and Urban Development (HUD) increased FHA loan limits for almost every county this year. Thus, FHA borrowers have a bigger budget when it comes to buying homes in 2021. So if you’re looking into getting a mortgage with a lower down payment, here are vital pieces of information regarding FHA loan limits this...