Mortgage and Home Loans Archives

Down Payment Assistance for Firefighters | Unlocking Homeownership

May 9, 2024September 18, 2024 / in Firefighters / Luke Feldbrugge

Down payment assistance for firefighters can provide a great way to save some money on the purchase of a new home. If you’re looking to find out what exists for a firefighter, this post sheds some light on various down payment assistance and first time home buyer options, different loan types, housing grants, and exclusive home buying programs that can potentially assist full-time and volunteer firefighters in saving money when purchasing a new home.

Simple Mortgage Calculator to Estimate Monthly Mortgage Payment More Accurately

May 8, 2024August 29, 2024 / in Mortgage and Home Loans / Luke Feldbrugge

The Homes for Heroes mortgage calculator is a helpful tool that allows you to estimate monthly mortgage payments. It will help you understand and plan for your ongoing financial commitment if you choose to purchase a home. This mortgage payment calculator not only provides you a monthly mortgage payment estimate, but it also breaks out estimates for your principal and interest, property tax and insurance (PITI) for four different loan types. Try it out yourself below, and read on for more information about estimating your monthly mortgage payment.

Teacher Down Payment Assistance | Grants and Special Programs to Save Money

January 18, 2024 / in Mortgage and Home Loans / Luke Feldbrugge

There are options for teacher down payment assistance, and it’s good to learn the options. The down payment on a home is one of the most significant obstacles to getting a mortgage for first-time homebuyers. And, if you’re a teacher who has purchased a home before, even with equity in your current home, it’s still nice to save money when you can. A mortgage down payment requires you to have a sizable amount of cash or equity before you can begin the mortgage application process. So, let’s take a look at some options that offer teacher down payment assistance.

Home Loans for People Who Filed Bankruptcy | 6 Ways to Improve Finances

November 14, 2023September 18, 2024 / in Mortgage and Home Loans / Homes for Heroes

You went through bankruptcy and now are wondering, “Are there home loans for people who filed for bankruptcy?” First, we want to say nice work for taking initiative to check out this post. Second, yes, you can get a mortgage and buy a new home. However, there are certain requirements you need to meet. As you may already know, when you go through a bankruptcy it allows a fresh start, but generally speaking there are consequences you will need to overcome. In this post we look at home loans for people who filed bankruptcy, either Chapter 7 or Chapter 13, along with bankruptcy and buying a house. We also provide 6 ways you can improve your financial standing to help you to get it done.

USDA Loan vs VA Loan | Pros and Cons

October 2, 2023September 18, 2024 / in Military and Veterans / Homes for Heroes

In a discussion of the USDA loan vs VA loan, the VA loan comes out on top if you are talking about money saved and flexibility. Nevertheless, it’s good to know your options, and there may be some cases where the USDA will work better for you. The two programs are from different departments of the federal government and have similar benefits, but the VA is tailored to help veterans and active duty military members in very specific ways. Both the benefits, and the requirements, can help you afford a new home.

VA Loan Appraisal Requirements, Process, Cost and Fees

September 19, 2023September 18, 2024 / in Military and Veterans / Homes for Heroes

VA loan appraisal requirements are not like a lot of the VA requirements you hear about. There’s no getting around this one. The VA loan system won’t give you their blessing for your VA loan mortgage without it. The good news is they have a large network of VA-approved appraisers and one of them will be assigned to your case. You don’t have to do much, but understanding the ins and outs of the appraisal will help you navigate the VA loan process.

Down Payment Assistance Programs and Grants for Each U.S. State

September 14, 2023September 18, 2024 / in Buy a House / Homes for Heroes

Exploring down payment assistance programs can be a game-changer if you are a potential homebuyer who is struggling to save enough money for a down payment. This comprehensive guide offers state-by-state insights and important details on various down payment assistance programs, grants, home buying programs and specific loan types designed to assist potential home buyers in their pursuit of becoming a homeowner.

Veteran Home Loans | Get More Savings from Homes for Heroes

July 21, 2023September 18, 2024 / in Military and Veterans / Homes for Heroes

Veteran home loans come in many shapes and sizes, but the one you should really concentrate on is the VA loan system. It can help veterans during various stages of their lives, whether you already own a home or are looking for a new home. The benefits of a VA loan guaranteed mortgage are substantial. Save yourself a lot of money, up front and over the course of your mortgage, by learning the basics of the VA loan system. The time you invest will be more than worth it.

Teacher Mortgage Program | Help for Educators Looking to Buy

June 21, 2023September 18, 2024 / in Mortgage and Home Loans / Homes for Heroes

A worthwhile teacher mortgage program can help your search for a new home, or your next home, immeasurably. There are a ton of moving parts in a home search – offers, counteroffers, appraisals, inspections, closings – but none is more central than applying for and being approved for…the mortgage. It’s a complicated contract, and it’s a loan you will be living with for a long time. Your monthly mortgage payment will become a central part of your budget, so you want to do it right. Don’t panic. There’s help.

How to Save for a Down Payment | 13 Helpful Saving Tips

June 21, 2023September 18, 2024 / in Buy a House / Homes for Heroes

Learning how to save for a down payment on a house can seem like a daunting task, especially if you are living paycheck-to-paycheck (and most of us are). However, with the right strategies and discipline, you can make your dream of home ownership a reality. Let’s look at 13 ways that can help you save for a down payment efficiently and effectively. From automating your savings to improving your credit score, we are confident you can do this.

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