Finding the Right Home Loan: FHA, USDA, VA, or Conventional?
Posted On: February 7, 2025 by Prevail Bank in: Home Loans
Buying a home is an exciting milestone, but the variety of loan options can feel overwhelming. Let’s break down the differences between FHA, USDA, VA, and conventional home loans to help you decide which might be the best fit for you.
FHA Loans What are they?Backed by the Federal Housing Administration, FHA loans are designed for buyers with moderate incomes or less-than-perfect credit.
Benefits: Low down payments (as low as 3.5%). Flexible credit score requirements. Ideal...
Avoid These 10 Home Buying Mistakes
Posted On: January 27, 2025 by Prevail Bank in: Home Loans
(2025) Buying a home is one of the most significant financial decisions you’ll make. It’s easy to get swept up in the excitement of finding the perfect place, but a few missteps can turn your dream home into a nightmare. Here are some of the worst home buying mistakes to avoid:
1. Not Knowing Your BudgetNot establishing a clear budget is a common error. Many home-buyers focus on the maximum loan amount a lender approves without considering additional...
