Nothing is more devastating to a homebuyer than to search for months and finally find the place they want, only to be rejected by their lender. But it happens. According to LendingTree, 1 in 10 would-be borrowers are turned down.
The Connecticut Housing Finance Authority has received federal funding to counsel Connecticut homeowners facing possible foreclosure and educate first-time homebuyers.
Nandini Natarajan has been named the new CEO of the Connecticut Housing Finance Authority; she will be the first woman to lead the organization as CEO in its 50-year history.
Aspiring homebuyers with medical debt are more likely than others to be denied a mortgage, while those with student loan debt more often put off buying.
Looking to buy a home for the first time? The Hartford market is a great place to start looking: the area was named the fourth-best market for first-time buyers in a new study.
Imagine having to save up your money to purchase your first home for more than $500,000, and the place you buy is a two-bedroom, 1,200-square-foot starter home.
Millions of Americans have a new record high average FICO score, and that’s positive news for homebuyers, sellers, lenders and the economy overall.
The number of first-time home buyers has declined in 2017 and so has the percentage of their down payments, according to the December 2017 Down Payment Report. More buyers reported carrying more Student Loan debt as well.
The median down payment this year represented 10 percent of all buyers, and fell from 6 percent to 5 percent for first-time buyers.
Zillow launched a new first-time homebuyer website at RealEstate.com today, geared toward Millennials. On the site, buyers can search for homes by the monthly payment and down payment they can afford.
Beth Brucker got into the mortgage business after leaving a corporate job with an insane work schedule.
Charles Scott Sr. began selling homes the same year New England Patriots wide receiver Danny Amendola was born.
