Are you a single parent who dreams of owning a home but nervous that you’ll encounter too many challenges? We’ve got good news for you!  There are home buying assistance programs that can help you purchase a home.

If you’re a single mom or dad who wants to buy a house, we’re here to list some loan programs that might work best for you.

Best Loan Programs for Single Moms and Dads

Single parenthood often means having a tighter budget, so a loan program with looser eligibility requirements is typically your best bet. 

Fortunately, various loan programs are designed for lower-income homebuyers –many of which offer low down-payment options.

Here are some of the best loans programs to help fund single parents’ home-buying journey:

FHA

When you envision the process of selling your home and buying a new property, you likely imagine synchronizing the sale with the purchase so that both close at nearly the same time. Only a fortunate few homeowners enjoy this level of perfect serendipity. What usually happens instead is that either your buyer or the seller of your new home will complete their transaction well ahead of the other—in fact, one of the transactions may not have even begun before the other closes! With this possibility in mind, let’s examine the options available to you as you work to juggle the many complexities you and your buyer may face.

The advantage to being the seller whose home sells before you’ve purchased a new home is that you won’t have to be responsible for

When you are preparing to purchase a home, it’s worth considering whether a single-family home or a condominium (or condo) will best suit your needs. Today, we’ll discuss the pros and cons of condos, who they’re best suited to, and how HOAs can both complicate and streamline your life as a condo owner. Read on for everything you need to know about condos.

Are You a Condo Candidate?

For first-time homebuyers searching for lower down payment options, condominiums can serve as an equity-building stepping stone toward traditional home ownership. Retirees looking for a way to downsize may also benefit from selling their larger homes and purchasing a condo for their golden years. Condominiums may also be constructed in urban centers, giving

Did you know that you could save thousands of dollars if you prepare your credit before applying for a mortgage? Your credit score is one of the most critical factors that determine your mortgage interest rate and which home loan program you qualify for.

This article will show you how you can get your credit in top shape for your upcoming mortgage.

1.) Learn where your credit scores stand.

First off, know that your credit score doesn’t have to be perfect to buy a home. Several loan programs allow buyers with credit scores in the low 500s to purchase a home. However, you should be aware that with low credit scores typically come paying higher interest rates.

Because of this, we recommend you begin by checking your credit scores so that

If you are looking to buy a home but are worried that you can't afford monthly payments, why not consider a foreclosure as your first home?

A foreclosed home is usually owned by a bank or lender and sold at prices way below its market value. Who knows, you may just hit the jackpot by purchasing a residence that would have been out of your price range. 

Here are the top reasons you should consider foreclosed properties as a first-time buyer.

How Buying a Foreclosure Works

A foreclosure happens when a borrower fails to pay their monthly payments. The lender then exercises his right to seize the property and resell it to recover or reduce its financial losses.

Foreclosed properties are usually put up for auction, which means that lenders

Given the option, you would most likely choose not to stage your home while you’re still living in it. However, it’s not uncommon to have to prepare to show your home before you’ve closed on your new home. Don’t despair; while it is definitely more challenging to keep a home show-ready while it’s occupied, it’s certainly doable. 

First, let’s look at why staging a home is so important. According to recent research conducted by the National Association of Realtors (NAR),  31% of realtors reported that home staging greatly reduced the amount of time a home remained on the market. 23% of both sellers and agents reported netting up to 5% more than the asking price, while 18% of sellers’ agents said they closed for up to 10% over asking. 

None of the

Buying a home is an exciting, yet complicated process. You will have many decisions to make along the way, including your ideal neighborhoods, budget, and timing for your move. Whether you are buying your first home or purchasing a home in a new location, you should know: one of the most important decisions you’ll make is choosing your real estate agent.

In today’s article, we’re sharing our tips for selecting the right agent for you. While there are hundreds of qualified, personable, hard-working agents in Middle Tennessee, the following tips will help you narrow the field.

1.) Invest Your Time

Some buyers spend more time choosing a hotel for their vacation than they do researching their real estate agent. Yet for most homeowners, their

When you apply for a loan, your mortgage lender informs you of the maximum amount you can borrow, and this will help you get an idea of how much house you can afford. The question most buyers ask is how they reach this amount and what factors influence their decision?

Read on to understand the most common factors that lenders look at to know how much you can borrow.

1.) Gross Income

Most lenders prefer monthly mortgage payments don’t exceed 28% of your gross monthly income. At this percentage, they estimate a borrower will not stretch their budget too far and pay the loan without missing any payments.

Your gross monthly income is the amount you earn before deductions and other obligations, including social security, taxes, child support,

Home renovations can be expensive, and saving up for extensive improvements could take years. Fortunately, you can fast-track your goals with a home improvement loan. 

Home improvement loans allow you to use the equity in your home to fund your home renovation. 

Benefits of a Home Renovation Project

1.) Increased Home Value

Prospective home buyers are willing to spend more if they see a kitchen or bathroom that has been updated or upgraded for convenience and functionality. 

2.) More Space

If your home feels cramped due to your growing family, extra bedrooms or living space can make living in your home comfortable once more. 

3.) Maintenance

Putting off home repairs can result in more considerable expenses down the road.

If you own an investment property, you already know that getting a mortgage for this type of property is different than a refi of a primary home. If you recall, the qualifying requirements for getting an investment loan are more stringent than a primary home loan. 

Let's take a look at everything you need to know about refinancing an investment property.

Why Refinance Your Investment Property?

Owning a second property comes with costs, and some may feel that these additional costs tie up too much of their free cash flow. Others choose to refi to free up some money for repairs or improvements to the property. 

If this sounds like you, it could make sense to refinance into a better rate --possibly lowering your mortgage payment --and