DFW Archives - HomePlus Mortgage

November 25, 2020

Published by HomePlus at November 25, 2020

Finding Great Deals On Mortgage Refi’s DFW Amidst The COVID-19 Pandemic

For those who are refinancing their home, getting a mortgage loan is the way to go to realize that goal. However, with the onslaught of the COVID-19 pandemic, which is taking a toll on the economy and creating job uncertainties, mortgage refi’s DFW might not be a sound idea. Well, you might want to take another look. While it is true that this pandemic has resulted in a substantial setback to the economy across different industries, experts still see opportunities for great mortgage deals. In other words, you could still find better deals on mortgage refi’s DFW during these times. Here are some compelling reasons why: The consistent decline in mortgage-back securities prices There is a continued downward trend in […]

May 27, 2021

Published by HomePlus at May 27, 2021

Qualifying For FHA Loans, DFW, TX

Contrary to conventional mortgage loans, FHA loans, DFW, TX, are government-backed loans. In other words, the Federal Housing Administration guarantees them. These loans are popular with first-time homebuyers for several reasons. For instance, they require lower minimum credit scores; for another, they accept a minimum down payment compared to conventional loans. To be eligible for an FHA loan, you must meet the following lending guidelines: Your FICO score is between 500 and 579 with 10 percent down or a FICO score of 580 or higher with 3.5 percent down. You have a verifiable employment history for the last two years. You can provide proof of income, which is verifiable through pay stubs, federal tax returns, and bank statements. You intend […]