RubyHome Blog

What Credit Score is Needed to Buy a Home?

What Credit Score is Needed to Buy a Home?

Have you ever asked yourself, “What credit score is needed to buy a house?” The short answer is: Lenders typically want to see a minimum FICO score of 620. The long answer is: It depends. Lenders weigh more than just your credit score ...

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Making an Offer on a House [Step-by-Step]

Making an Offer on a House [Step-by-Step]

If you’re a home shopper who’s made your way to this article, there’s a good chance you’ve already been pre-approved for a loan, searched houses online, viewed a few in-person, and narrowed down your choice to the home you ...

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15 Common Real Estate Questions

15 Common Real Estate Questions

Real Estate FAQs As you might imagine, real estate agents field quite a few questions every day. People are naturally curious, and it’s an agent’s job to guide folks through the often-complex world of home buying and selling. You might ...

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First Time Home Buyer Mortgage Guide

First Time Home Buyer Mortgage Guide

First Time Homebuyer Programs There are five major first time homebuyer program categories. The first three are backed (insured) by federal government agencies. They include FHA, VA and USDA programs. Each is broadly available to borrowers in any ...

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FHA Loans: A Complete Guide

FHA Loans: A Complete Guide

What are FHA Loans? FHA loans are mortgages backed by the U.S. government, specifically the Federal Housing Administration (FHA) which is a subsidiary of the United States Department of Housing and Urban Development (HUD). “Backed” is ...

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What are Mortgage Loan Limits?

What are Mortgage Loan Limits?

What is a Loan Limit? A mortgage loan limit is a monetary cap; the maximum amount loaned to consumers from lenders to purchase or refinance a home. Loan limits, along with several other factors like borrower credit and the type of property ...

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VA Loans: A Complete Guide

VA Loans: A Complete Guide

What Are VA Loans? VA loans are mortgages guaranteed by the US Department of Veterans Affairs (VA). VA Purchase Loans are one of the few mortgage products in existence where borrowers can buy a home with no down payment, a pretty good ...

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VA Loan Programs: Pros & Cons

VA Loan Programs: Pros & Cons

VA home loans are guaranteed (but not made) by the US Department of Veteran’s Affairs (VA). The actual loans are underwritten and funded by private institutions (mortgage companies, credit unions and other lenders). The VA’s ...

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What Should Home Inspections Include? [Checklist]

What Should Home Inspections Include? [Checklist]

What is a Home Inspection? A home inspection is an examination of a home for any structural or mechanical defects. They are carried out by professionally-certified inspectors, typically after an offer is made on a house that has been put up for ...

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[How to] Sell Your House Fast

[How to] Sell Your House Fast

Have you ever wondered why some houses sell faster than others? Odds are, it's because the owners had a selling strategy! With the right action plan, you can tilt the odds in your favor to beat out the competition (the other sellers and inventory ...

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16 Reasons Appraisals Come In Low

16 Reasons Appraisals Come In Low

There’s no bigger emotional turning point in the home buying process than the moment a buyer makes an offer on a home. The transition from merely shopping to formally putting some skin in the game introduces higher levels of anticipation for ...

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