How can FHA loans help you buy your first home? Navigating the path to homeownership can feel complicated, especially with all the different loan options out there. FHA loans are a popular choice for many first-time buyers, and here’s why: They're designed to make buying a home more accessible. FHA loans require lower down payments, sometimes as low as 3.5% if your credit score is 580 or above. Plus, they’re more forgiving with credit scores, accepting scores as low as 500 with a 10% down payment. This flexibility makes a big difference for those who are working on building their credit or saving up for a home. But what’s the catch? Well, you'll need to pay mortgage insurance to protect the lender in case you default on the loan. This includes both an upfront premium and a yearly premium, which is spread out over your monthly mortgage payments. Would you use a FHA loan to buy a home? Why or why not? #MortgageTips #FHAloans #homeowner

Replying to @Leslie this is a helpful strategy that I’ve had many of my clients use, and leveraging a 401k is worth considering as a way to buy a home. #homebuyingtips #mortgage #realestate #personalfinance

Lots to remember when you buy a new house. Here are a couple of my favorite tips: • change the locks and any security codes • learn how to DIY some repairs but also consider in bringing in a pro to save time and money • for home improvements - its ok to dream big but start small so you dont blow your budget If you’ve got some advice, sharing is caring 😄 #homeowner #funnystory #advice

#stitch with @Morning Brew What’s up with inflation? Here’s a spot on breakdown. While The Fed doesn’t directly set mortgage rates, their policies and the current economic environment do affect rates #inflation #homebuyer #mortgage #realestate

Replying to @Lauren Elizabeth here are a couple things to consider if you are thinking about a HELOC (home equity line of credit) #mortgage #smartmoney #equity