By understanding the requirements to get a mortgage after a bankruptcy and by carefully rebuilding your credit standing, you can apply for a loan and buy a home.
FHA Best Mortgage Rates
Find Updated FHA Loan Rates
Mortgage Rate Resources
Figure out your estimated monthly mortgage payment by estimating your loan amount, interest rate, and time period.
Traditional mortgage down payments have always been 10 to 25 percent of the total purchase price of the property. more
FHA (Federal Housing Administration) loans are popular with first-time home buyers. FHA loans are easier to get and have some advantages over conventional mortgages. more
Many factors can affect your mortgage application and get you denied. Know what factors will hurt you and plan ahead so you can present the best financial picture to the lender. more
- Appraisal Basics
- Short Selling a Rental Property
- 3 Warning Signs of Loan Modification Scams
- Low Down Payment Loan Qualification
- 3 Common Short Sale Mistakes
- Alternatives to Getting a 2nd Mortgage
- Should You Refinance? Make Sure the Timing is Right
- Home Equity Loans for People with Bad Credit
- FHA Eligibility with Bankruptcy and Foreclosure
- What To Do When Mortgages Default
- Second Mortgages: Advantages and Disadvantages
- What Lenders Don't Reveal About Home Equity Loans
- How to Get Approved for an FHA Loan despite Bad Credit
- 3 Reasons Banks Reject Short Sales
These loans are insured by government-backed companies and make it more affordable for first-time homebuyers and lower income families to get into the housing market.
Mortgage Loan Types
Select a loan type best suited to your needs.
Adjustable Rate Mortgage - A loan with a floating interest rate, determined by a set of indices.
FHA Loan - A loan guaranteed by the Federal Housing Authority.
VA Loan - A loan offered to American veterans by the U.S. Department of Veteran Affairs.
Sales of existing U.S. homes in March reached their highest annual pace since September 2013, buoyed by continued low mortgate interest rates and a firming employment scene, according to the National Association of Realtors. Total existing-home sales rose 6.1 percent to a seasonally adjusted annual rate of 5.19 million in March, up from 4.89 million the month before. Compared with a year ago, sales are up 10.4 percent with year-over-year sales having increased now for the past six straight months. “After a quiet start to the year, sales activity picked up greatly throughout the country in March,” said NAR chief economist Lawrence Yun. “The combination of low interest rates and the ongoing stability in the job market is improving buyer confidence and finally releasing some of the sizable pent-up demand that accumulated in recent years.” Long-term mortgage interest rates did rise slightly in March, climbing to an average of 3.77 percent, excluding fees, on a 30-year fixed rate mortgage, up from 3.71 percent in February. Yet compared with historical averages, mortgage rates still rest close to all-time lows, making getting in mortgage loan extremely attractive to potential buyers. Prices and inventory increased in March as well. The national median existing-home price grew to $212,100, a 7.8 percent jump from the year before. Prices have now risen on a year-over-year basis for the last 37 consecutive months. The number of previously-owned homes for sale increased 5.3 percent by the end of March to 2.00 million homes, representing a 4.6-month supply of homes at the current sales pace. Distressed properties continue to dwindle in market presence. They made up just 10 percent of sales in March, down from 11 percent in February and 14 percent from March 2014. As these sales decline, home prices in general are able to make a solid recovery. more