Who is a first time home buyer?
The definition of a first time home buyer can vary from state to state. In the state of Maryland and the district of Columbia, a first time home buyer is a person who hasn’t own a property for the past 3 years prior to purchasing another property. Purchasing a property in a targeted area qualifies… Continue Reading
Chenoa fund
The Chenoa fund is administered by the CBC mortgage agency. It is designed to facilitate home-ownership by providing down payment assistance to qualified buyers. The assistance can be used for FHA and conventional loans as well. FHA Loans Chenoa Fund DPA Edge: Soft Second product: The borrowers need to have a score of 620 at… Continue Reading
Using FHA to purchase a multi-units building.
Multi-units properties might be able to allow you to live without paying a mortgage directly out of your pocket ( you still have to make payments lool). By owning a 2-4 units building, you are able to live in one unit and rent out the other units. If the other units rented provide enough funds… Continue Reading
