Posts by The My First Home Mortgage Team
Is There Down Payment Assistance for FHA Loans?
Do you qualify for down payment assistance? If you’re a Maryland resident looking to buy your first home, the My Home Mortgage Team can help! We offer several types of down payment assistance programs. Today, we are answering the question of if there is down payment assistance for FHA loans specifically. Continue reading to learn…
Read More4 Facts About Down Payment Assistance
Buying a home can be an exciting prospect, but a daunting process. From home inspections to down payments, to moving costs, and more, the cost of home buying quickly rises beyond just the initial purchase price. At First Home Mortgage, we make this complex process less overwhelming by walking you through all the initial costs…
Read MoreDo You Qualify for Down Payment Assistance?
Owning a home is a quintessential part of the American Dream, but it’s also becoming a harder goal to reach. There’s no denying that home prices are increasing and saving up the money to own one can be tricky. That’s where down payment assistance comes in. Navigating the world of down payment assistance can be…
Read MoreHow Long Does it Take to Get Down Payment Assistance?
If you’re hoping to get into your first home soon, you may be frustrated waiting around to get your finances in order. Down payment assistance makes home ownership a reality for many people who wouldn’t otherwise be able to own homes, but there is no denying that waiting for it can be stressful. Unfortunately, if…
Read MorePros and Cons of Down Payment Assistance
Down Payment Assistance programs (DPA) are incredibly beneficial for those looking to purchase a home. Understanding the pros and cons of down payment assistance programs will help you make an educated decision about which program is right for you. At My Home Mortgage Corp, we help homebuyers choose the best down payment assistance programs in…
Read MoreWhat Are The Best Down Payment Assistance Programs?
Purchasing a home is a huge investment that everyone hopes to make someday. However, the high costs of buying and maintaining a home are enough to discourage many people from starting the homebuying process. This is where Down Payment Assistance Programs (DPAP) can help. DPAP is a system that offers grants or loans to homebuyers…
Read More2021 FHA Loans and Down Payment Assistance
Federal Housing Administration (FHA) loans offer financial assistance to homebuyers who don’t have enough savings for the down payment on a new home. The benefits of FHA loans include down payments as low as 3.5% and lower credit score requirements to qualify. Schedule a consultation with My Home Mortgage to learn more about how an…
Read MoreHow to Budget for Your First Home
Buying your first home is one of the largest and most important investments you will ever make, and it requires a lot of financial preparation. If you plan on purchasing your own home in the future, it’s never too early to start budgeting and exploring the mortgage loan options that are available to you. With…
Read MoreConventional Loans
A conventional loan or mortgage is a type of home buyer’s loan that is not backed by the government. These types of loans are only offered by private lenders like mortgage companies, credit unions, and banks. If they are backed by a government-sponsored entity, it is either by the Federal National Mortgage Association or the…
Read MoreRenovation Loans
Whether you’re buying a home that needs some repairs or you are already living in the property, there are different types of renovation loans and different financing options available to you. You don’t have to wait for several years or spend your savings on renovation projects — you can simply take out the money upfront…
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