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Are you confused to know how much does a licensed mortgage broker makes? The average salary for a mortgage broker in the United States can be anything from 50,000 dollars to 90,000 dollars. This depends on the source you look at. So, a licensed mortgage broker makes this average salary in the US.

To qualify for first-time home buyer loans, it will be crucial for you to have a credit score of at least 640. However, by choosing a real estate diary, if you have a lower credit score, you can also be able to get first-time home buyer loans. Thus, you can visit the website: https://realestatediary.com/ and choose a real estate diary to get loans with a low credit score.

How long can I buy a house after chapter 7? Honestly speaking, it relies on the type of loan you qualify for. For example, if you qualify for a conventional loan, you will have to wait for 4 years after the court dismisses your bankruptcy. Moreover, to be eligible for a USDA loan, you will have to wait 3 years after your bankruptcy discharge.

If you get the benefits of being a first-time homebuyer, you can also get tax benefits, moreover, you have access to state programs, and federally backed loans if you don’t have the usual minimum down payment. With this, you can also become a member of a certain group.