Manufactured homes can be an excellent and affordable path to homeownership, but they come with a few unique requirements that can catch buyers and sellers off guard. The good news? Most delays can be avoided with a little preparation. If you’re buying or selling a manufactured home in Arkansas, here are the most common issues…

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Western House

Builder’s Risk Insurance, also called Course of Construction Insurance, is one of the most important protections on your construction loan. It protects the property while the home is being built, before the home is complete and before a standard homeowner’s policy is typically available. Incorrect insurance, missing endorsements, short policy terms, insufficient coverage, or unclear…

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If you’re paid every two weeks, there’s a simple strategy you may be overlooking—one that could potentially save you tens of thousands of dollars over the life of your mortgage. It’s called biweekly mortgage payments, and the impact can be huge. What Are Biweekly Payments? Instead of making one full mortgage payment each month, you…

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A Simple Guide for Homebuyers One of the first questions every homebuyer asks is, “How much house can I afford?” — and the answer is more than just a number on a pre-approval letter. Affordability isn’t only about what you qualify for. It’s about what fits comfortably into your monthly budget and long-term financial goals.…

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Choosing a mortgage lender is one of the most important financial decisions you’ll make when buying or refinancing a home. While many people focus only on the interest rate, the lender you choose can affect your costs, your stress level, and even whether your deal closes on time. Before you commit, here are seven smart…

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Mortgage rates are one of the biggest factors influencing whether it’s a good time to buy a home, refinance, or simply wait. You’ve probably searched “mortgage rates today” or “current mortgage rates” — and you’re not alone. These are some of the most Googled terms in real estate and lending. But what do today’s mortgage…

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Builder or Seller can contribute funds to cover borrowers’ payment up to 3 months on home via Interested Party Contributions  Build/Buy & Save Payment Option Overview: This Payment option allows a builder or seller to contribute funds that cover the borrower’s payment for up to 3 months on a home in the form of an Interested Party Contribution (IPC). The funds are placed into an…

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DSCR Loan Programs A DSCR (Debt Service Coverage Ratio) mortgage loan is a type of loan used for investment property financing. It focuses on the property’s income potential rather than the borrower’s personal income. This ratio measures the property’s ability to generate enough income to cover its debt obligations, including mortgage payments. It is calculated by dividing the property’s Net Operating Income (NOI)…

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ADFA- StartSmart and Down Payment Assistance I speak to clients on the daily about the hurdles of home ownership versus renting. They often come to me after struggling to find a rental, being kicked out due to a property ownership change, or after applying for multiple homes and getting denied for rentals. What most do…

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Looking to build your dream home? A one-time close, or construction-to-permanent, option may combine the construction cost, price of the lot and final mortgage into a single loan, all with only a single closing, eliminating the need to re-run credit or verify income and employment for a second time. Basic Qualifications 5% Down for conforming Primary…

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