For the past few years, the U.S. housing market has seen some considerable improvements. Home values are on the rise, foreclosure rates are down and many homeowners are regaining equity after suffering from the post-recession slump. But what about the rental housing market? With such impressive gains in the home sales arena, is it safe to assume that rental demand will fade? One source says no – that, on the contrary, rental demand may see some spikes throughout 2013 and may continue to move higher in the coming decade.
According to a Jan. 2 article from Realtor.org, five to six million new renter households are slated to pop up in the next 10 years. This rise in rental demand is considered to be the result of low inventories of available homes and tight credit conditions. While it’s true that most mortgage lenders have tightened their purse strings in the aftermath of the housing crisis, that’s not to say that qualifying for a home loan is completely out of reach. For certain population segments such as single-income or low-income families, renting may make more sense than a home purchase, but it’s certainly not an impossibility. Still, with the nation coping from the financial setbacks of recent years past, it’s not surprising that more people are having a harder time saving for a down payment or repairing their credit. [Read more...]
As part of a national effort to pick up the pieces in the years following the Great Depression, the FHA loan program was instituted in 1934. Since then, this more accessible home financing program has been made available to Americans who can not afford a typical down payment or do not qualify for private mortgage insurance. An FHA mortgage loan is guaranteed by the Federal Housing Administration and provided by a lender especially approved for the program (
Anyone who is considering financing their home purchase through the Federal Housing Administration’s loan program may want to take note of a recently reported change in the FHA’s insurance policy.
It’s no secret; there are still some sweet real estate deals out there. Unfortunately, many buyers are reluctant to scoop up these bargain homes due to their need of updating or repairs. Too often, houses loaded with potential are passed over because the interested buyer is not aware of all of their financing options.
So you’re ready to buy a home? Great! Now it’s time to get busy and prepare to take charge of your newest investment!
Perhaps you have heard about the $100 down payment plan being offered by HUD? As an approved HUD loan provider, direct mortgage lender 
Never before has it been so affordable to own a home of your own. In spite of the mortgage crisis and sluggish economy, there are some excellent ways to maximize your funds and realize the dream of home ownership. One program offered by American Financial Resources (AFR) and steered by HUD guidelines is the FHA 203(b) Repair Escrow loan. It is designed to make it easier to buy a home that is being purchased from HUD.
If you are looking to buy property and build a manufactured home, the application, qualifying, and appraisal steps can be a confusing, time-consuming nightmare. Furthermore, there are extra fees for every added step. Wouldn’t it be wonderful to have this type of financing rolled into one easy loan?
Getting married and owning a home are very similar. They both take commitment, they both require attention and care and they both can be very rewarding experiences that add a lot of value to your life. Be that as it may, 
