FHA loans are one of the most popular loans for homebuyers because they have various benefits such as: Having low requirements Being insured by Federal Housing Administration (FHA) Lower down payments (allowing you to borrow up to 96.5% of the home’s value) But can...
A mortgage insured by the Federal Housing Administration can help you buy a home with less-than-perfect credit and a down payment as low as 3.5%. The government backing of these loans allows lenders to offer financing to borrowers who may not qualify for conventional...
Mortgages have been around since the late 1800s and they were primarily made by your local banker; the vast majority of these loans were 1–5-year terms with 50% down and your rate was rarely fixed. That all changed in 1934 when the government got involved and created...
A mortgage lender is any financial institution that offers home loans. For most first-time homebuyers, mortgage lenders are synonymous with the home buying process. This is because most potential homeowners don’t have the cash on hand to purchase a home in full. There...
Are you wondering what types of mortgage loans you qualify for through mortgage lenders as a first-time homebuyer? If so, then please continue reading. We want to explain the kinds of new loans homebuyers should look for first and why. The type of loan you get for...
Many barriers can stand in the way of obtaining a mortgage to finance a home purchase. Your credit score, debt-to-income ratio, and down payment amount can all prevent you from qualifying for a conventional mortgage. An FHA home loan has less stringent...
Buying a home is the largest investment many people will make. For first-time home buyers Houston, the process may seem intimidating; however, there are resources for first time home buyers out there. These are nine of the best resources. Resources for First Time Home...
If you’re looking to purchase a home for first time home buyers Houston and feel overwhelmed, you’re not alone! The process of buying a house is a complex and nuanced beast, but you can start by breaking it down one step at a time. Please familiarize...
Are you a first-time home buyers Houston candidate? Here at Rock Mortgage, we aim to make the home-buying process as stress-free as possible for a first-time home buyer. We want to make sure you get into a home you love for a price you can afford. Below are some of...
The Credit Score System Could Accurately Predict the Outcome of 70% of all Loans Credit bureaus have been around for well over 100 years, but credit scores have only been around since 1989. I got into the consumer finance industry in 1987, back then all we knew was...
Types of Loan Programs that Rock Mortgage has to Offer With all of the loan choices out there it can be very confusing and intimidating for the average consumer to pick a loan that best fits their needs. Below you will find a list of the most common loans that we, at...
With mortgage rates currently at an all-time low, millions of people around the country are purchasing and refinancing their homes. Many borrowers wonder why rates on refinances are slightly higher than rates on purchases, here are the top 5 reasons: Processing and...
Rock Mortgage Services, LP (NMLS 857682) is an Equal Housing Lender that treats our customers like family and does everything with the customers best interest in mind.
Recent Comments