How To Apply for an FHA Loan

How To Apply for an FHA Loan

An FHA loan is a type of home loan that’s insured by the Federal Housing Administration (FHA). These types of loans are particularly popular with first-time homebuyers, as they only require a minimum down payment of 3.5 percent and a minimum credit score of 580. If...
5 Significant Benefits of FHA Home Loans

5 Significant Benefits of FHA Home Loans

  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...
2021 First Time Home Buyers Houston Grants

2021 First Time Home Buyers Houston Grants

Owning a home isn’t just better for homeowners, but it benefits the community as well. Homeownership stabilizes communities. Homeownership lowers the crime rate and increases volunteerism in the community. Children who live in a home owned by their parents tend to do...
Credit Requirements for an FHA Loan in 2021

Credit Requirements for an FHA Loan in 2021

Private lenders, such as Rock Mortgage, can issue an FHA Loan Houston to qualified buyers who may have difficulty getting a mortgage. FHA loans’ biggest benefits are that they are easier to qualify for and have lower down payment requirements than conventional...
Current Mortgage Rates VS. Refinance Rates

Current Mortgage Rates VS. Refinance Rates

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...