Search results for: usda
Can You Get a Mortgage Under $50,000 in Florida? (2026)
Short answer Yes. Mortgages under $50,000 are possible in Florida. The challenge is that many lenders set minimum loan amounts, so it helps to work with a broker who can find a lender whose minimum fits your purchase. Call or text 904-880-6741 Ask about your actual file — no SSN, no credit pull. Yes, you…
Read MoreFHA Loans
What is an FHA Loan? FHA loans are home mortgages that are insured by the Federal Housing Administration. They are government-backed loans designed to provide a safe and affordable option for Americans to buy homes. FHA loans are popular because they require lower down payments, have lower credit score requirements, and have more flexible lending…
Read MoreNON-ARMS LENGTH INCOME CHANGES
By Nathan Young , founder and president of North Star Mortgage Network, Inc. , an independent mortgage brokerage in Jacksonville, Florida.
Read MoreNAR SETTLEMENT BUYER AGENT COMMISSION FAQ
Short answer Since the NAR settlement, buyer agent commission is negotiated directly between the buyer and their agent rather than being assumed from the listing. It can often still be paid by the seller as a concession — but it has to be written into the contract, and concession limits vary by loan program. Call…
Read MoreNAR Settlement: Who Pays the Buyer’s Agent, and How Mortgage Programs Treat It
Short answer After the 2024 NAR settlement, a buyer’s agent can be paid by the seller, by the buyer or by a mix of both. Mortgage programs generally treat the agent’s fee as a closing cost. How much the seller can contribute, and whether down payment assistance can be used to pay it, depends on…
Read MoreHow to Buy a House With No Money Down in Florida (2026 Guide)
There are special government-backed loans, like VA loans and USDA loans, that require no down payment.
Read MoreVA FUNDING FEES
The VA funding fee is a one-time fee paid to the Department of Veterans Affairs (VA) when taking out a VA-backed home loan.
Read MoreHANDLING IRS PAYMENT PLANS
Tis the season of tax returns being used and folks who did not pay their taxes on time may have a surprise waiting for them.
Read MoreALIMONY AND CHILD SUPPORT INCOME
Short answer Alimony and child support can count as qualifying income with documented proof of receipt and evidence it continues. If you are the one paying, some programs let you subtract it from your income instead of counting it as a debt — which can change your ratios significantly. Call or text 904-880-6741 Ask about…
Read MoreMortgage Application Process Guide
Ensure a credit score >700 for optimal mortgage rates; review credit report for errors. mortgage-broker-meets-with-a-young-couple-4-of-6-FP24NJV Choose…
Read More
