Are You Looking For A Low Down Payment Mortgage?

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MortgageAre You Looking For A Low Down Payment Mortgage?

Several loan programs can help home buyers with a lower income and/or low down payment. One such program is the Fannie Mae HomeReady mortgage.

You could pay as little as 3% down on a HomeReady loan. That’s $6,000 down on a $200,000 home — even less than the FHA’s 3.5% down payment.

Plus, you could use gifts, grants, or a down payment loan to help cover your upfront costs. And co-borrowers living in the home or outside of it can be on your application.

This makes HomeReady one of the easiest mortgage programs to qualify for. (more…)

filed under: Home Loan

Enjoy This Weekend In DFW With Your Family

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community blogWelcome to another community blog post! We publish these every Friday to highlight some of the most alluring and interesting events going on around the DFW Metroplex each weekend. Although Dallas and the surrounding areas might not have the luster and prestige of New York, LA, or Chicago, they are still filled with fun and interesting goings-on. This weekend perfectly highlights the wide range of appeal that North Texas has. Why not sample some of the excitement happening and venture out this weekend. In today’s community blog, Family Home Loan Texas showcases some of North Texas’s most promising events and activities.  (more…)

filed under: Community

Have Family Fun In Dallas This Weekend

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community blogWell, it’s the Friday before a three-day weekend, so that means it’s time for an extra special community blog. In fact, to celebrate, you would be well served to listen to Rebecca Black’s infamous hit as you peruse today’s post. While you will likely be grilling out and spending time at the pool on Monday, there are still plenty of opportunities to get out and enjoy some fun events with your family beforehand. So zip on your party suit and sit down because, in today’s community blog, Family Home Loan Texas highlights some of the DFW metroplex’s top family-friendly events happening this weekend. (more…)

filed under: Community

How To Buy A Home With A Lower Credit Score

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credit scoreCredit scores are a major component of securing a favorable mortgage loan and unfortunately, many people have scores that can hinder the home buying process. The factors that have lowered your score could very well be out of your control and are based on decisions made many years ago. After all, many people get credit cards when they are young without fully understanding their obligations. Even if you have responsibly managed your credit as you have aged, it is still possible to feel the sting of past mistakes. Luckily, there are numerous ways to improve your score. Moreover, there are loan programs specifically designed to help those with less-than-perfect credit reports still become homeowners. In today’s blog, Family Home Loan Texas talks about the ways you can improve your credit score to help you buy a home. (more…)

filed under: Home Loan

Top Activities In DFW This Weekend

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community blogIt’s Friday, which means it’s time for this weekend’s community blog! If this is your first time tuning it, this is where we highlight some of our top picks for great, family-friendly events happening all across the DFW metroplex. Yes, we know it is getting hot — even hotter than normal — which makes it easy to just stay at home, sitting in front of the air conditioning vents while dreaming about the beach. However, there is a lot of fabulous goings-on occurring across North Texas that you or you and your family should certainly check out. With that said, in today’s blog, Family Home Loan Texas presents some of the best events happening around DFW this weekend. (more…)

filed under: Community

What Influences Mortgage Interest Rates?

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Mortgage RateIf you are in the market for a house — or even if you just have friends that are — you have surely heard about interest rates everywhere you turn. Just a few months ago, these rates were at an all-time low but now they are picking up again, which begs the question: what’s influencing them? When you are looking to buy a house and are figuring out your budget, interest rates are always in mind, but we often consider them in terms of “what’s the lowest rate I can get?” rather than delving into what influences them. There are myriad factors that go into establishing not only the national interest rate but also what you specifically will need to pay. In today’s blog, Family Home Loan Texas explains the factors that influence mortgage interest rates and how they can affect you. (more…)

filed under: Credit Scores

Have A Great Weekend In North Texas

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community blogIt is heating up quickly in the DFW Metroplex, so it can be difficult to find the motivation to leave your air-conditioned, cool home. However, there are lots of worthwhile activities and events going on around North Texas this weekend. In all of our community blogs, we strive to highlight the best goings-on around the area, and this week’s edition is no exception. There is a lot going on, so you should definitely check some of it out. In today’s blog, Family Home Loan Texas showcases some of the best events going on around DFW this weekend. (more…)

filed under: Community

What Impacts Your Credit Report?

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Credit ReportA lot of factors can affect your credit score, and there are some new, surprising changes that will benefit lots of individuals. The three major credit reporting companies — Equifax, Experian, and TransUnion — are making significant adjustments to the way they report medical debt. This marks a notable change and could maybe even signal other updates in the future. In today’s blog, Family Home Loan Texas discusses these changes to medical reporting in addition to other factors that impact your credit score. (more…)

filed under: Pre-Approval

Should You Rent Or Buy A Home?

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Buying a homeRenting an apartment or a house is how most of us spend our early adulthood. After all, not many 19-year-olds can afford a down payment on a house, and renting provides the flexibility that most young adults require. Whether you are a college student moving from one apartment to the next as roommates come and go or you have a  job that requires you to travel, there are numerous reasons that make renting a great option. As you become older, however, the need for this flexibility lessens, and owning a home starts looking increasingly alluring. While everyone has unique needs — especially financially — that influence whether owning or renting a home is viable, there are certain concrete criteria that you should consider when deciding which route to take. In today’s blog, Family Home Loan Texas looks at and talks about what you need to keep in mind when figuring out if you should continue renting or opt to buy. (more…)

filed under: Home Purchases

Don’t Miss Out On DFW Events This Weekend

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community blogIt is Friday, which means we are back with a new community blog. Looking at the weather for the weekend, it seems like it will be cloudy yet not raining, so the temperatures shouldn’t feel too exorbitantly toasty. This provides a great opportunity to get out and about with your family and take in some great events happening across the metroplex over the next couple of days. Family Home Loan Texas highlights several of the most promising events occurring this Saturday and Sunday in today’s community blog. (more…)

filed under: Community