The U.S. Department of Housing and Urban Development (HUD) defines a low-income household as earning no more than 80% of the ...

28/36 rule: Housing expenses (including mortgage payments, utilities, HOA fees and homeowners insurance) should be no more ...

Today, the mortgage interest rate on a 30-year fixed mortgage is 6.64%, according to the Mortgage Research Center. On a ...

The 28% rule is a common guideline when purchasing a home. This means your monthly mortgage payment—including principal, ...

Unexpected issues — from an appraisal gap to title disputes — can pop up during underwriting. Here’s what to do.

"However, in practice, most cases of VA loans usually only involve two persons: one veteran and a spouse," says Alexei ...

FHA loans also have property requirements, and not every house will qualify. To be eligible for an FHA-backed mortgage, your home must: Have one to four units. Serve as your primary residence.

Both home equity lines of credit (HELOCs) and home equity loans are up in numbers, their originations rising in Q3 2024 by 6 ...

It is possible to buy a house with no credit, though it's typically more difficult to get approval for a mortgage.

When a house is lost, so is much of the collateral on the mortgage. Here's how both lenders and homeowners can bounce back.

A non-arm's-length transaction is a sale between people who already have a personal or business relationship. They might be ...