Industry Insights, Trends & Mortgage News
What are the Advantages of a New York USDA Mortgage?
Posted in Guide to USDA Home LoansPosted by Maple Tree Funding
Whether you’re purchasing your first home or you’re looking to relocate from your current home into a new house in New York State, a USDA mortgage could be a great option. With competitive rates, flexible requirements and no down payment required, NY USDA loans are a popular choice among the home buyers who qualify. Curious about the benefits and advantages of USDA mortgages? We review 6 key ‘pros’ of New York USDA mortgages here. USDA…
Continue Reading »How To Apply For An FHA Loan
Posted in Guide to FHA Home LoansPosted by Maple Tree Funding
Applying for an FHA Loan is not much different than applying for a standard conventional mortgage. There are extra documents specific to FHA that must be filled out, including FHA Addendums, an FHA notice to homebuyers, and a few other FHA standard mortgage documents. However, the core documents remain the same. Getting Started with an FHA Mortgage Application Step 1: Fill Out a Loan Application If you’ve decided to apply for an FHA Loan, you…
Continue Reading »FHA Loans vs. USDA Loans
Posted in Guide to FHA Home Loans, Guide to USDA Home LoansPosted by Maple Tree Funding
When choosing a loan program, it’s important to understand your options. Let’s take a look at two different types of popular government loan programs – FHA loans and USDA loans – and how they compare to one another. Weighing Your Options: FHA Loans vs. USDA Loans Government mortgages are backed by the government, as their name indicates, meaning that the government ensures repayment to the bank or lender if you happen to default on your…
Continue Reading »Do I Qualify for an FHA Loan?
Posted in Guide to FHA Home LoansPosted by Maple Tree Funding
The Federal Housing Authority (FHA) backs mortgage loans for people who don’t quite fit the traditional underwriting criteria for getting approved for a home of their own. People that benefit from these loans are first time home buyers, people who don’t have much credit history, and people who have had credit issues in the past but have everything back on track. Because these loans are designed to help an underserved segment of the population, they…
Continue Reading »FHA Mortgages in Albany & Saratoga, New York
Posted in Guide to FHA Home LoansPosted by Maple Tree Funding
FHA mortgages in Albany New York and Saratoga New York are mortgages insured by the United States Federal Housing Administration. Here at Maple Tree Funding we’ve worked with Albany and Saratoga FHA mortgage borrowers since our beginnings in 2003. If you’re interested in an FHA loan in the Albany or Saratoga NY areas, we’re a great partner to work with! Our experienced FHA Loan advisors are available by phone to answer any mortgage questions you…
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