Use Your Tax Return as a Down Payment on a New Home Your tax return provides a great opportunity to stop renting and invest in homeownership. Have you considered putting your tax refund towards a down payment or to help cover closing costs on a new home? It’s possible this opportunity could provide financial growth... Read More »
12 Tips for First Time Homebuyers 1. Start saving for your down payment as early as possible Even though there are many options that allow as low as a 5% down payment, it is significantly better to have more money up front than less. Be sure to know how much home you can afford before... Read More »
Conventional Loan Limits Increase to $484,350 The Federal Housing Finance Agency (FHFA) recently announced that the maximum conventional loan limits have increased nearly 7%. The new 2019 base loan limit will be $484,350. This may help increase eligibility for home buyers. Trulend Mortgage is accepting new applications with the increased 2019 loan limits. 2019 General Loan Limits Units... Read More »
Everything is Better Together Enjoy $3,000 toward closings costs when you choose Trulend Mortgage as your mortgage provider on your new Truland Home. Contact our home loan experts to discuss your pre-qualification options today! *This is not a commitment to lend. Information is subject to change without notice. **Trulend Mortgage must be the lender... Read More »
These 8 indoor and outdoor tasks will keep your house looking ready for the season! The fall will be here before we know it! You will want to make sure the outside of your house is ready to face the new season, and that the inside of your home is warm and welcoming as the days... Read More »
100% Home Financing Options There are several zero down payment mortgage options for home buyers with good credit and a steady income. Some examples of a no down payment / zero down mortgage program may include: USDA Rural Development Loans VA Loans for veterans, active duty service members, and spouses Wondering if you are qualified... Read More »
Student Loans and Home Ownership Having student loan debt does not automatically preclude you from qualifying for a home loan. There’s a range of home loan programs that vary in requirements. You may more than likely qualify for at least one of the home purchase products even if you have a student loan. As... Read More »
What You’ll Need to Qualify for a home loan in Today’s Market: We’re here to help breakdown the mortgage process! Down Payment: Generally, between 5-20% of the purchase price is a traditional down payment (However, many buyers are putting down 10% or less – with some putting down as little as 35! Income Verification, Credit... Read More »
What is a Title Company? When you purchase property, you don’t want to pay for real estate that doesn’t actually belong to the seller. A title company helps to ensure you don’t! A title company reviews the real estate transaction to legitimize that the property for sale truly belongs to the seller. The Title Company then issues title insurance... Read More »
What is a FICO score and why do lenders need it? origin of fico score: Back in 1956, an engineer named William Fair and a mathematician named Earl Isaac came up with a formula to calculate the first credit scoring system. This calculation measures a consumer’s credit risk and has become a fixture in consumer... Read More »
Equal Housing Lender. ©2018 Trulend Mortgage LLC. Loan programs not available in all states, or to all consumers. All loans are subject to availability at the time of application and for terms that meet each individual consumer’s needs and qualification information. Loan applications are subject to credit and property approval. Trulend Mortgage LLC encourages all consumers to consult with a tax advisor concerning the tax implications for the type of mortgage sought.
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