What to Know About a 203k Home Loan

Are you planning a major home improvement or renovation? It can be difficult to finance important repairs and upgrades out-of-pocket. Homeowners and nonprofits may want to make it less stressful to come up with funds by taking out a 203k home loan on a property requiring rehab. A range of projects may be covered under this loan. Homeowners who are interested in purchasing new appliances, replacing a deck or repair a roof may want to use this loan to reach their goals. Individuals intending to rehab a distressed property may also want to apply for a 203k home loan.

Learn more about the 203k loan, eligibility requirements and more today.

203k Loans and Home Renovations

This type of home loan helps homeowners make necessary upgrades to a…

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7 Must-Use Painting Tools for Painting Your Home

While it might seem like there’s nothing more to painting than dipping a brush in a can of paint and then putting it on the wall, the process is a little more involved. There are many different tools on the market that can help homeowners get a professionally painted look, even if they’ve never painted before. Here are seven essential painting tools and what they can do that makes them worth their price tag.

1. Painter’s Tape

For painters who aren’t confident in their ability to do edges freehand, painter’s tape is a must. Just put it on the wall, paint, and peel it off. The tape leaves crisp lines that look like they were professionally done. There are quite a few different brands of painter’s tape on the market, and they’re usually either…

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4 Tips for Understanding VA Loans

VA loans offer premium benefits over traditional loans for our military members and their loved ones, so it's important for eligible individuals to understand how they work before they apply. Terms can vary based on a number of factors, such as location and military background. See how it works before getting started.

VA Loan Requirements

To qualify for a VA loan, Army, Navy, Marines, Coast Guard, and Air Force members needs to have served 181 days during peacetime or 90 days during an active war. If the applicant is in the National Guard or the Reserves, they're eligible for a VA loan after six years of service. VA loans may be granted to the spouses of members who passed away during active duty. Applicants are normally expected to have a…

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What to Expect from an FHA Loan

Federal Housing Administration (FHA) loans were made to help home buyers who don't have the savings or credit score for a conventional loan. These loans are insured by the government in the case of default, which makes lenders more likely to take a chance on an otherwise undesirable applicant. They were originally made available in the 1930s to stimulate the market but have stuck around because the program boosts the economy and helps to preserve the American dream.

The Basics of the FHA Loan

While the government may be insuring FHA loans, they're not actually loaning the money. Instead, the government works with certain lenders by giving them official regulations alongside general guidelines. Apart from following the necessary rules though,…

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