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...]
Are you maximizing all the tax benefits available to you as a homeowner?
Staying up-to-date on the latest tax rules is a smart move if you're interested in keeping more money in your pocket, but with the recent changes from the Tax Cuts and Jobs Act, you might be a little fuzzy on exactly which credits and deductions you can take advantage of. Whether you're a long-time homeowner or just bought your very first home, it helps to have a refresher. Let's brush up on some of the key tax perks of home ownership, so you can make the most of your benefits this tax … [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...]
