RubyHome Blog

What Are My Mortgage Options in California?

Tired of renting and ready to buy a home in California? Are you relocating to California? Or maybe you already live here and have decided it’s time to move up to a bigger home? Whether you’re first time buyer or a seasoned homeowner, ...

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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

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 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

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 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 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

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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How to Sell a Home with Pets [Pro Tips]

Many Homes on the Market Have Pets One big goal, when selling your home, is to make it appealing to the widest possible audience. Sellers routinely spruce up their homes and sometimes go as far as professional staging. Whatever you decide, selling ...

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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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Home Possible Loan Guide

What Are Home Possible Mortgages? Home Possible and Home Possible Advantage are two conventional loan programs created by Freddie Mac. They are affordable given their smaller 3% to 5% down payment requirement. The one that’s right for ...

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Documents Needed for Mortgage Pre-Approval

Key Takeaways: Mortgage pre-approvals ensure a smoother home buying experience The pre-approval process begins when your lender creates a loan file with your loan application and credit report You'll add a few mortgage pre-approval ...

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Debt-to-Income Ratio Explained

Debt-to-Income Ratio (DTI) Definition Lenders want to make sure they are funding mortgages that people can afford. One tool they use, to evaluate a borrower’s ability to pay back a home loan, is a calculation called a debt-to-income (DTI) ...

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