USDA loans: How to qualify in 2024

USDA loans are good mortgages if you're buying in a rural area, have a low-to-moderate income, and want a no-down-payment option. Find out if you qualify.

Best Mortgages and Lenders for First-Time Homebuyers

Bank of America Mortgage: Best overall · Guaranteed Rate: Best online · Guild Mortgage: Best range of loan options · Chase Mortgage: Best for low-income borrowers · Navy Federal Credit Union Mortgage: Best for veterans · New American Funding: Best for FHA loans · U.S. Bank Mortgage: Best for student loan borrowers · Carrington Mortgage Services: Best for low credit scores · Third Federal Savings and Loan Mortgage: Best for low closing costs · Truist Mortgage: Best for no private mortgage insurance ...

Understanding FHA Loans: Your Guide to These Government-Backed Mortgages

Explore FHA loans, a popular mortgage choice for first-time buyers and those with lower credit scores. Learn about requirements, benefits, and how to apply.

What Is the Best Debt-to-Income Ratio for a Mortgage?

Vault’s Viewpoint on the Best Debt-to-Income Ratio for a Mortgage ; Your DTI is one of the most important factors mortgage lenders consider when you’re applying for a loan. In fact, most mortgage types and lenders have a minimum DTI that’s required to qualify for a loan at all. Your DTI is an indicator to lenders of your ability to make your monthly loan payments. A low DTI shows lenders you have plenty of room in your budget to pay your mortgage, while a high DTI could be a red flag that ...

5 Most Common Types of Mortgage Loans

Key Takeaways ; The most popular types of mortgages are conventional or government-backed. ; You could qualify for a loan with a 0% downpayment or low credit score. ; There are construction loans, non-qualifying mortgages, or renovation mortgages for specialized needs.

Federal Housing Administration (FHA) Loan: Requirements, Limits, How to Qualify

best mortgage lenders usually require. FHA loans are designed to help low- to moderate-income families attain homeownership... Key Takeaways FHA loans are mortgages intended for certain...

What Low-Income Home Loans Are Available?

Low-income home loans can help you reach your goal of homeownership. Here’s information on six of those programs.

What Is A Debt-To-Income Ratio For A Mortgage?

When it comes to getting approved, your debt-to-income ratio for a mortgage matters. We explain why, and how to calculate your number.

How to Qualify for an FHA Loan | Mortgage

FHA loans are great for first-time homebuyers and lower credit scores. This guide will help you understand what an FHA loan is and how to apply for one.

Low Down Payment Mortgage for First-time Homebuyers

Bank of America's Community Homeownership Commitment® provides a low down payment mortgage for modest-income and first-time homebuyers. Learn how our Affordable Loan Solution® mortgage with a down...