In recent years, we have seen the introduction of new financing methods designed to meet the unique needs of homebuyers. Whatever your situation, whether you are a traditional applicant or need specialized financing solutions, such as ITIN or owner-to-owner financing, it is critical to be aware of specific requirements and criteria. To provide you with clarity and guidance, we have detailed the lending criteria for each of these types of financing below.
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For most, a home purchase is part of the American dream. Homeownership is a long-term investment and produces many benefits, such as potential appreciation in value. However, some may never take the necessary steps to become homeowners due to the idea that the process is too complicated. I have compiled the most important steps in the home buying process and hope this explanation will help you future homeowners.
