The Home Buyers’ Guide to Getting a Mortgage

Understanding the loan process will put your mind at ease as you start down the road to homeownership. Buying a home can feel overwhelming, and a lot of that uneasiness can come from not understanding how to get a mortgage. This guide should help clarify the mortgage process and get you on the road to homeownership. Determine your affordability Before you start working with a real estate agent, it’s important to understand how much home you can afford. This will help you and your agent target your search, and you’ll avoid the heartache of falling in love with a property …

Is Buying a ‘Starter Home’ Still Smart?

Your parents’ rite of passage may not make sense for you. When the Baby Boomer generation was venturing into adulthood, it was common to buy a “starter home” — a modest, small dwelling. As their families grew and careers advanced, they moved into bigger or better homes. Now, many people struggle to come up with the down payment for a first home. They may wonder if it’s smarter to wait and save more money so they can buy a home that makes more long-term sense, or go the other route, buying a starter home and planning to stay in it for more years. It’s …

National Homeowners Month

June is National Homeownership Month

June is National Homeownership Month, and at the U.S. Department of Agriculture we’ve spent the past few weeks highlighting the role housing plays in our small towns and rural communities. With 50 million Americans living in rural America, access to quality, safe housing is an important factor to a high quality of life – and as homeownership in a community increases, there are also significant economic benefits. By some estimates, the sale of an existing median-price home creates nearly $60,000 in economic activity; and that’s not including the extra job-creating potential of a newly-built home.   We’ve taken time this month …