Financing a Home

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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Financing homes in California - Mortgage Guide

Financing homes in California - Mortgage Guide

Tired of renting and ready to buy a home in California? Perhaps 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 a first time home buyer or a seasoned ...

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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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Documents Needed for Mortgage Pre-Approval

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 documents to ...

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Pre-Approval Letter Sample + Do’s and Don’ts

Pre-Approval Letter Sample + Do’s and Don’ts

What is a Pre-Approval Letter? A pre-approval letter is a document that states the loan amount a lender is willing to make to a borrower. It is not a guarantee to lend, but it carries significant weight, especially to other parties in a real estate ...

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VA Approved Condos: Here's What You Need to Know

VA Approved Condos: Here's What You Need to Know

What Are VA Approved Condos? VA approved condos include any townhouse or condominium unit within a VA-approved project. The word project refers to all the individually-owned condominium units plus the common areas combined. The VA puts a stamp of ...

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Los Angeles Property Taxes

Los Angeles Property Taxes

Are property taxes a deciding factor in where to buy a home in Los Angeles? For many people, it would not be practical to make property tax a major deciding factor or else everyone would move to a much different LA - Louisiana - where the property ...

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