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September 6, 2024 Florida Mortgage Blog 0 Comments

3 Common Myths about VA Home Loans—And Why They Aren’t True VA home loans are a fantastic benefit available to veterans, active-duty service members, and certain members of the National Guard and Reserves. However, there are several misconceptions about these loans that can deter eligible individuals from taking advantage of them. Here, we debunk three…Read More→

August 31, 2024 Florida Mortgage Blog 0 Comments

5 Steps to Help You Get the Best Possible Rate for Your VA Home Loan Securing a VA home loan can be an excellent opportunity for veterans, active-duty service members, and their families. However, getting the best possible rate requires some preparation and understanding of the process. Here are five steps to help you achieve…Read More→

August 28, 2024 Florida Mortgage Blog 0 Comments

Is an FHA Loan the Best Option for You? When considering a home loan, it’s essential to explore all your options to find the best fit for your financial situation. One popular choice for many homebuyers is an FHA loan. But is it the right option for you in 2024? Let’s delve into the details…Read More→

August 26, 2024 Florida Mortgage Blog 0 Comments

HUD Updated Gift Fund Guidelines to Add Increasing Flexibility on FHA Loans The U.S. Department of Housing and Urban Development (HUD) has recently announced updates to its gift fund guidelines for Federal Housing Administration (FHA) loans, effective 2024. These changes aim to provide greater flexibility for borrowers, making it easier for more people to qualify…Read More→

August 22, 2024 Florida Mortgage Blog 0 Comments

How Student Loans Impact Mortgage Loan Approvals When you’re looking to buy a home, understanding how your student loans impact mortgage loan approvals is crucial. Many potential homeowners worry that their student loan debt will prevent them from securing a mortgage. While student loans do play a role in the mortgage approval process, it’s important…Read More→

August 18, 2024 Florida Mortgage Blog 0 Comments

Florida FHA Loan: Benefits & Requirements At Edge Home Loans, we understand the importance of finding the right mortgage solution for your needs. One popular option for many homebuyers is the FHA loan. This type of loan is insured by the Federal Housing Administration (FHA) and is designed to make homeownership more accessible, particularly for…Read More→

August 15, 2024 Florida Mortgage Blog 0 Comments

“`html FHA Loans: What to Know in 2024 FHA loans are a popular choice for many homebuyers, especially those with lower credit scores or limited down payment funds. In 2024, understanding the ins and outs of FHA loans can help you make an informed decision about your home financing options. What is an FHA Loan?…Read More→

August 10, 2024 Florida Mortgage Blog 0 Comments

Average 30-Year Mortgage Rate Drops to Lowest Level in 15 Months The average rate for a 30-year fixed mortgage has fallen to its lowest point in 15 months, presenting a prime opportunity for potential home buyers and those looking to refinance. According to a recent report from CBS News, this decline in mortgage rates is…Read More→