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Amerifirst blog

 Explore our blog for insights on buying, financing, remodeling, and taking care of your home.

USDA Rural Development: Not for Farmers

What do you think of when you hear "USDA Rural Development?" Do you picture a big red barn and a long white fence with horses and lots of acres at hand? It's the wrong picture. In fact, USDA rural development is not for farmers. It's not a mortgage loan option for buying a farm. Let's look at what this loan program is for in today's housing market.

How USDA Rural Development Will Change America

Can the USDA save the American housing market? Besides stamping the beef in America, the USDA has another project that affects many people (even vegetarians). There's an agency within the USDA called "The Office of Rural Development." Part of its mission is to improve the economy and quality of life in rural America.

FHA Loans: A Low Down Payment Home Buying Option

FHA loans are one option for home buyers in today's market. In fact it's often a popular route for first time home buyers. One main reason for the desire to go FHA is the low down payment requirement. Home buyers need 3.5% of the purchase price as cash-on-hand for the down payment. This means if you're buying an $80,000 house you'll need less than $3,000 for the down payment. 

What is a USDA Rural Development Mortgage?

  Where's home for you?   Is it living in a quiet suburb with friendly neighbors, just a car ride away from your favorite Italian restaurant or movie theater? Or have you always longed to live in a more secluded and natural setting, miles away from your nearest neighbor? 

4 Types of Mortgage Loans for Home Buyers

The US real estate is showing strong signs of revival. Analysts and experts alike concur in the conclusion that the sector is slowly but steadily gaining momentum and that this is a trend that will hold for the rest of the year. For prospective home buyers, this means that this is the time to do homework on home mortgage loan options and to make a move sooner rather than later.  

Don't Wait 90 Days for Your Mortgage Loan to Close

How long is taking for your mortgage loan to close? Did you go with a bank or a company that had the lowest rate? Maybe the mortgage lender you're with is someone your mom or dad recommended. And now it's been 90 days or more and your mortgage still isn't closed. That's not the case at some places. For instance, at AmeriFirst Home Mortgage our closing times are much lower according to the numbers. Let's take a look at a specific loan type: renovation mortgages.

FHA Loans: One Option for the First Time Home Buyer

  If apartment living is getting old, or you've outgrown your parents' basement and house rules, you may be thinking about buying your own place. But if you're like many first-time homebuyers, you may not have a lot of money in the bank or have a strong credit history or a decent credit score. For this reason, you may be interested in learning about home loans that offer low and no-down payment options and have flexible lending requirements. One of these is the FHA loan. Let's take a closer look. 

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