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What credit score do you need to buy a house?
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What Credit Score Do You Need To Buy A House?

What Credit Score Do You Need To Buy A House? There are many misconceptions about the credit score needed to buy a house. Recently, it was reported that 24% of renters believe they need a 780-800 credit score to be considered for a mortgage. The reality is they are misinformed! Only 25% of the Americans have a FICO® Score between 740 and 800. Here is the breakdown according to Experian: 16% Very Poor (300-579) 18% Fair (580-669) 21% Good (670-739) 25% Very Good…

Affordable mortgage loan programs for first time home buyers
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Can a Mortgage Really Be Affordable?

Can a Mortgage Really Be Affordable? Guest Post by Tim Britt Last month I started a discussion about the different categories of mortgage programs.  Mortgage Loans can easily be broken down into 3 broad categories:  Traditional, Affordable, and Specialty.  This month, I’ll talk about Affordable Mortgage Loan Programs, and some of the features of them. Affordable Mortgages are loan programs backed by government agencies, or specially designed by Fannie Mae and Freddie Mac (Conforming Loan Programs) to be affordable in…

Different types of home loan programs, Nashville Real Estate
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Does the Loan Fit?

Does the Loan Fit?  Guest Post by Tim Britt You’ve heard the old adage “…if the shoe fits, wear it!” As we kick off 2019 and a new season of home buying and selling, I thought I’d borrow this cliché and apply it to the Mortgage Lending Process.  Just like with shoes, there isn’t a “one-size-fits-all” home loan program.  It’s vitally important that homebuyers seek sound advice from a reputable, licensed Loan Officer and understand all of your options for…