Frequently Asked Mortgage Questions

Do you have mortgage questions?

Discover answers to some frequently asked questions, industry updates, and other relevant news. If you can't find answers to your real estate and mortgage questions here, please ask us!.

Frequently Asked Mortgage Questions (FAMQ's):

A happy couple with a dog sitting in their new home, enjoying coffee together. Text overlay reads "No Down Payment Required Upfront, 0% Down Purchase Program." Ideal for first-time home buyers seeking 100% financing - no down payment first time home buyer mortgage program

100% Financing – No Down Payment First Time Home Buyer Loan Program

How to Buy a House with No Money Down: A Guide for First-Time Home Buyers Buying a home is a significant milestone, especially for first-time home buyers. One of the biggest hurdles many face is saving up for a down payment. However, there are programs available that offer 100% financing – no down payment first […]

How much house can I afford?

How Much House Can I Afford? Insider Tips and Home Affordability Calculator

‘How Much House Can I Afford?’ (The Ultimate Guide) Hey there, future homeowner! We’re here to help you unravel the exciting world of home buying, specifically answering the question: ‘How Much House Can I Afford?’ Our Home Affordability Calculator is like your personal compass, guiding you towards the house of your dreams without breaking the […]

First Time Home Buyer Class MN

Free First Time Home Buyer Class MN – Online Options! – Upcoming Classes!

First Time Home Buyer Class MN Upcoming First Time Home Buyer Classes in Minnesota: Please click on the Class Name for More Information and to Register for the First Time Home Buyer Class MN: Thursday, July 18th, 2024 – 6:30 – 8:30 PM – Register for the First Time Home Buyers’ Class – Now Online! Discover […]

Low Down Payment Mortgage Options - FHA Loan vs Conventional Loan

Low Down Payment and First Time Home Buyer Programs 2024 Edition

100% Financing! 0% down conventional mortgage + 3% down payment assistance! What are Low Down Payment, First Time Home Buyer Programs 2024? First Time Home Buyer Programs 2024 Edition What are the low down payment mortgage and first time home buyer programs available in 2024? VA still offers 100%, zero-down financing. But what if you’re […]

Wood flooring background with strategically placed light blue blocks spelling out 'HOME,' emphasizing how to get your offer accepted.

How to Get Your Offer Accepted – 11 Strategies for 2024 Market Success!

Unlock Real Estate Success: 11 Irresistible Strategies on How to Get Your Offer Accepted in a Sellers’ Market! Enhance Your Offer in a Competitive Market! Navigating the challenges of today’s hot sellers’ market? Wondering how to get your offer accepted? You’re not alone. In our Mortgage/Real Estate Question and Answer series, we recently explored the […]

House Hacking - Strategic Real Estate Investment Concept - Two Front Doors Symbolizing House Hacking Opportunity on Brick Wall Background

Unlocking New Opportunities: House Hacking Made Easy with 95% LTV Financing

The Game-Changer for Real Estate Investors Are you dreaming of entering the world of real estate investment through house hacking? Well, here’s some exciting news for you – the game just got easier! Thanks to recent developments in financing options, purchasing 2-4 unit properties with up to 95% loan-to-value (LTV) is now a reality. What’s […]

First Time Home Buyer Class Minneapolis - New Mortgage Programs

First Time Home Buyer Class Minneapolis – New Mortgage Programs

First Time Home Buyer Class Minneapolis Mortgage Financing: An In-Depth Look at The New Mortgage Programs About the First Time Home Buyer Class Minneapolis: This First Time Buyer Class Minneapolis is on Tuesday, October 17th 2023 from 6:30-8:30. You’ll discover the newest mortgage financing options available in today’s market, in a classroom setting. Down payments starting […]

1 Percent Down Payment - With Equity

Buy a Home with just 1% Down? Yes with the 1% Down Mortgage!

1% Down Mortgage It’s back! As of April 12th, 2023, the Buy a Home with 1% Down! You have 1%, the lender contributes 2%, giving you 3% Equity at closing-Available w/No monthly Mortgage Insurance option is back!! This program is only available for a limited time, so contact your local mortgage broker MLS Mortgage today! […]

First Time Home Buyer Class Minneapolis

First Time Home Buyer Class Minneapolis – How Much House Can I Afford

First Time Home Buyer Class Minneapolis How Much House Can I Afford in Today’s Market? About the First Time Home Buyer Class Minneapolis: This class is all new and located at Lake Harriet Upper School in South Minneapolis, MN now online! The class is on Tuesday, October 5th, 2021 from 6:30-8:30 pm. Wondering how much […]

tax day tax deadline last day to file taxes

Tax Day 2021 comes with Extra Time

Tax Day 2021 Tax Day this year comes with extra time again this year. The tax deadline has been extended to May 17, 2021 due to COVID-19. Do you have to pay this year? If so, did you budget appropriately for that? Are you getting a refund this year? If so, what are you doing with […]

Mortgage Insurance MI

Mortgage Insurance – Who needs it?

Who needs Mortgage Insurance? If you’re buying a house with less than 20% down payment, the answer is YOU. Mortgage Insurance is often abbreviated in the industry as “MI”. Some conforming home loans with less than 20% down do offer “No MI” or Lender-Paid MI. That option can be advantageous if you only plan to be […]

Loan Max VA and Conforming Loan Limits

Loan Max VA & Conforming Loan Limits 2021

Loan Max – VA Loan Limits and Conforming Loan Limits Loan Max Updated and Increased for 2021 – although the US Department of Veteran Affairs does not set a limit for VA Home Loans – most lenders do set limits and the VA Home Loan limits match Conforming Loan Limits. See VA Loan Benefits. Conforming Loans […]