How Long Do Home Appraisals Last?
An expiring appraisal can put a damper on your home purchase or refinance. Here's how long they last before you need a new one.
March 24, 2025 10 min read
An expiring appraisal can put a damper on your home purchase or refinance. Here's how long they last before you need a new one.
Paying off debt at closing can help you qualify for a loan even if your current DTI is too high. You just have to commit to paying down at least enough debt to move your DTI into the approval zone.
An attorney opinion letter can save a homebuyer $1,000 in closing costs according to Fannie Mae. But what are the risks?
We ran the numbers and found that a car payment can reduce homebuying power significantly. How much can you afford if you make a big car purchase?
We dug into the numbers to find out what someone needs to make to potentially qualify to buy a $300,000 home.
USDA loan pre-approval provides an accurate idea of the loan size you may qualify for and gives you a competitive advantage when making offers on homes.
Seller concessions can be used to cover your out-of-pocket closing costs, with the USDA setting the maximum contribution limit at 6% of the home’s purchase price.
Having student loans won’t prevent you from qualifying for a USDA mortgage, but they will count toward your debt-to-income ratio, which can affect how large of a loan you are eligible for.
If you’re looking for an affordable option beyond a traditional site-built home, an FHA loan on a manufactured home could be the key to achieving your homeownership dreams.
Homeowners may need to wait up to 12 months before refinancing a government-backed mortgage or cash-out refinance. Some refinances are available right away for homeowners who can benefit from its terms.
