The NAR settlement has created a lot of conversation in the industry this summer, and it went into effect last week. Here's a letter that our Founder, Landy Liu, shared with Foyer members this week: 

Have you heard the terms FHA loan, VA loan, and USDA loan but aren’t sure what’s right for you? Are you trying to understand whether or not a government loan is right for you at all compared to a conventional mortgage? Navigating the mortgage market can be daunting, especially for first-time homebuyers. Government-backed home loans provide a valuable option for those who may find it challenging to secure a conventional mortgage. These loans often offer lower interest rates, more accessible qualification criteria, and reduced down payment requirements. This guide will help you understand the key government-backed mortgage options available and how they can support your journey to homeownership.

Navigating the real estate market can be overwhelming for first-time homebuyers. Among the many options available, condos, townhouses, and single-family homes tend to be the most popular choices. Understanding the differences between these types of properties, as well as the pros and cons of each will help you make an informed decision.

If you're considering taking out a conventional loan for your mortgage, you might wonder whether a home inspection is necessary. While conventional loans are not backed by government agencies like the FHA or VA, there are some important factors to understand regarding home inspections in this context.

We are excited to share the findings of the Foyer Q2 First Time Homebuyers Survey, based on 250 app users surveyed in Q2 2024.

Are you an aspiring homebuyer in Florida? Check out our guide:

If you're a renter but dreaming of becoming a homeowner, listen up! Saving for a down payment can feel overwhelming, but with some smart strategies and a little creativity, you can make it happen. Here’s a guide on how to save for a down payment while making the most of your rental situation.

Deciding whether or not to pay off your car before applying for a mortgage can significantly impact the terms you get on your loan. As you think through this decision and weigh your options, understanding how mortgages work and how existing debts influence your mortgage application is crucial. This decision involves weighing the benefits of a lower debt-to-income ratio against the potential impact on your ability to save for a down payment or an emergency fund. In this guide, we’ll explore the pros and cons of paying off your car loan before getting a mortgage and how it affects your mortgage application. 

First-time homebuyers often wonder whether to get their first mortgage loan from a bank, a non-bank mortgage lender, or a credit union. This article will explain the key differences between each type of lender and how to make the best choice as a first-time homebuyer.

The Texas Department of Housing and Community Affairs and the Texas State Affordable Housing Corporation both offer down payment assistance and first home loan programs to Texans who aspire to homeownership. This guide will explain the benefits and eligibility requirements for each.