It's possible to receive gift funds that would cover your entire FHA down payment, but you must follow guidelines, especially ...

HomePath can lead buyers to discounted home prices and more flexible financing plans, creating a way to save on a new home ...

While experts recommend spending no more than 36% of your income on housing and debt payments, it can be an unrealistic number in many markets. Lenders allow up to 50% or higher in some cases. When ...

A Mortgage Credit Certificate (MCC) is a federal tax credit program that allows eligible first-time homebuyers to claim a portion of their annual mortgage interest as a dollar-for-dollar reduction on ...

Gift money can come from relatives and even friends in some cases. It can cover your down payment and/or closing costs, reducing or eliminating the cash you need to close the home purchase. Money from ...

How Should Homebuyers Navigate 2025? Each new year, millions of renters resolve to finally become homeowners. The turn of the calendar seems to offer new hope of finding a home, setting down roots, ...

Private mortgage insurance (PMI) is an extra cost required for borrowers putting down less than 20% on a conventional loan. It allows for earlier homeownership and can be cancelled once the borrower ...

Homes in the United States have historically appreciated over time. This appreciation can help new homeowners build equity faster. Buying a home got you into the game. You’ve stopped paying rent, and ...

A mortgage escrow is an account set up by your lender to collect certain required homeownership expenses, such as property taxes and insurance premiums, to make sure they get paid and to simplify ...