Industry News

HomeReady® income limits will increase in most areas on June 23, 2018! HomeReady® is for low- to moderate-income borrowers, so the increased limits will help more borrowers qualify. Income limits will increase by about 5% in many areas.

On July 29, 2018, Freddie Mac will launch HomeOne℠, which will have the same benefits and features as our current Fannie Mae Conventional 3% Down Loan, as shown in the table below.

Buyer and Seller Charges by Loan Type

Some home equity loan interest deductions on federal tax returns are now a thing of the past. But Academy Mortgage offers a solution that may still provide a tax benefit.

Effective for VA Loans locked on or after March 7, 2018, Academy’s minimum required FICO credit score will be reduced from 600 to 580 for loans that are approved through the automatic underwriting system (AUS).

There are many programs available that may help you get the financing you need to purchase a home. Here is our quick and easy guide to some of the more popular programs!

The new tax law, effective January 1, 2018, impacts some important benefits of homeownership.

Here are five questions to ask yourself before you apply for a mortgage and start packing.

Employing certain strategies can make buying your first home much easier.

Square footage is a complicated number, and it’s one that confuses many homebuyers. Here are answers to your most pressing square footage questions.

Here are some concerns sellers have about FHA loans, and the truth behind them.

There are several pieces of information underwriters review before deciding what rate is appropriate. The good news is, it’s all information you can find and review, too.

If you find yourself considering buying a home without seeing it in person first, here are some tips to help you through the process.

Having a higher credit score can open the door to more financial opportunities.

Before you take out a residential mortgage, your lender will need to review some financial information with you, one piece of which is your credit report.

Not only are many consumers unaware of what their credit score is or how to find out, but many hold false notions about what the score means.

Instead of tiny homes and condos in the city, homebuyers are looking to spread out in larger homes.

Finding a real estate agent that you like to work with and has your best interests in mind is the first step many people take in their house-hunting journey.

School district is one of the most influential factors for resale value.

Sometimes refinancing costs you more than you expect.