Most closing delays are avoidable. Here are six ways to keep your mortgage moving from pre-approval to closing day, plus how prep differs for self-employed, investor, and conventional, FHA, or VA buyers.
Kansas City has layers you don’t see from the outside. Here’s the honest breakdown of affordability, lifestyle, weather, and getting around, from someone who lives here.
Most first-time buyers stop before they start because they think they need a percentage of the purchase price saved. Down payment and cash to close are two different numbers, and the second one is usually smaller than expected.
Approval tells you the property can carry the loan today. It does not tell you what happens when the tax assessment catches up and the HVAC quits in the same year.
■ Quick Answer FHA credit score requirements start at 580 for the standard 3.5 percent down payment. Borrowers with scores between 500 and 579 can still qualify with 10 percent down. FHA allows debt-to-income ratios up to 55 percent on a case-by-case basis, requires a two-year employment history, and the property must be your primary […]