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USDA Loans vs. FHA Loans - A Quick Comparison

USDA VS FHA

One of the most difficult parts of buying a home is deciding on the right kind of loan for your particular situation. With all of the options, it can become very frustrating to sort through the details. Two types of loan that you may have heard about are an FHA loan and a USDA loan. While these are not the same thing, there are some similarities--but there are differences too. We’ve...

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How Your Credit Score Impacts a Home Loan

How Your Credit Score Impacts a Home Loan

If you’ve considered buying a home, you know that many things affect your ability to get a home loan. However, you are likely very concerned about your credit score and how it will impact your home loan. We’ve put together some information about this, so you’ll know what to expect as you start the home buying process.

  • A score of 620 is
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Can I refinance with a USDA Loan?

 

Can I refinance with a USDA Loan?

There is a lot of talk these days about refinancing home loans. If you’ve watched TV or listened to the radio at all lately, you’ve probably heard commercials regarding mortgage refinancing. However, if you have a USDA loan, you may think that this option doesn’t apply to you.
In reality, that is not the case. Like most other mortgages, it is...

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First Time Homebuyers and USDA Loans

First Time Homebuyers and USDA Loans

The government offers a number of different loan assistance programs. However, there is one program that is less-known than others—the USDA Home Loan. The loan program was developed as part of the USDA’s rural development program. The goal of the program is to “improve the economy and quality of...

Who Approves FHA Loans?

Who Approves FHA Loans?

The FHA (Federal Housing Administration) issues home loans that are backed by the government. For many borrowers, these are an excellent choice since they have lower interest rates and qualification is a possibility even for those with less-than-perfect credit. As a potential homeowner, you may be interested in the process...

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How can I qualify for USDA Loans?

How can I qualify for USDA Loans

A USDA (United States Department of Agriculture) loan is a great option for many potential homebuyers. The reason for this is that there is no down payment required, so buyers all around Louisville, KY can purchase a home even if they don’t have savings. However, for first-time homebuyers, especially, the...

Which home loan is right for me?

So, you are thinking about making the leap—you want to buy a home. You probably know that there are several options for home loans available today. While many people choose a “conventional loan,” perhaps your needs are anything but conventional. How do you decide if a conventional, USDA, FHA or other loan is right for you? We’ve put together a few tips to help you choose.

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How USDA loans work

USDA Logo

With all of the lending options available today, it is understandable that every borrower may not understand each and every type of loan. However, if you are located in any rural area around Louisville, Kentucky, one loan you should learn more about is the USDA loan. It could be a great way for you to borrow for the home of your dreams.

What is a...

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Balancing student debt with dreams of homeownership.

Balancing Student Debt

One of the biggest stories in finance today is the “student loan crisis” and it’s affecting people in Louisville, Kentucky. In fact, one of the few issues that nearly everyone, regardless of political affiliation, agrees upon is that something needs to change.

We don’t know yet whether this change will be coming in the form of...

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Using Your Home Equity to Your Advantage

Home Equity

So, you have got plenty of money and couldn’t use a few extra thousand for any reason—right? Chances are, that is not the case. If you are like most people, you could certainly benefit from additional funds. Refinancing your home for a “cash out” option could be the solution you need to help you solve those problems. If your home has equity, you can...

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