Buying or refinancing a home can be costly. The bulk of those costs are derived from closing costs, which can range anywhere from 2% to 4% of the loan amount. With our Homes for Heroes Program those fees are eliminated. But what if you didn’t have to pay some of those costs? Specifically, the fees associated with originating your loan. Mortgages for America has created our new Home for Heroes Program to provide low-to-no-cost home loans to Military Service members and Veterans, … [Read more...]
Mortgage Relief Available for Disaster Victims
From record-breaking wildfires and flooding to the strongest hurricanes ever recorded, 2017 has seen its fair share of disasters. So far to date, 2017 has seen 15 unconnected weather or climate disasters in the U.S. totally more than $1 billion in damages each, according to the National Oceanic and Atmospheric Administration. With the recent wildfires in Northern California expected to exceed $1 billion in damages, 2017 will break the record for the year costliest natural disasters, which was … [Read more...]
USDA Construction Loans: Everything You Need Know
Buying a home has long been the American dream. And the USDA has been helping low- and moderate-income Americans buy homes in rural areas for decades. Now a loan program is helping Americans realize another dream: building their dream home. USDA construction loan We’re proud to announce the launch of www.USDAConstructionLoans.org. This new website is dedicated 100 percent to funding USDA-backed construction loans. These loans are designed for low- and moderate-income Americans to build or … [Read more...]
