Colonial offers a number of mortgage solutions, like low down payment or construction loans. An additional loan type homebuyers should consider is an adjustable rate mortgage.

Adjustable Rate Mortgages Basics

If you are currently looking to buy a home, chances are there are a number of amenities you are considering. You may prefer an open concept floorplan, or a large backyard to entertain guests. Maybe you’re in need of an extra-large ...
What many people don’t know is there are a number of low down payment programs out there aimed at helping first-time homebuyers purchase their home. Below we have a list of Colonial’s low down payment loans and special programs that were designed with first-time homebuyers in mind.

Low Down Payment Loans From Colonial

Having a home to call your own is something that many Americans strive for. Most of us still remember our childhood home. The way the house smelled during the holidays. The notches on the doorway where you measured your height ...
Word on the homebuyers’ street is that you need to put 20 percent down in order to be approved for a mortgage. Nowadays, however, that is not always the case.

Deciding on the Ideal Down Payment for Your Home

Word on the homebuyers’ street is that you need to put 20 percent down in order to be approved for a mortgage. Nowadays, however, that is not always the case. There are instances in which your down payment can be much less than ...
Before signing on the dotted line for your home, consider these tips — from determining where you want to live to all the documents that go along with the purchase:

Important Steps Before Buying a Home

So, you’re ready to buy a home. Home ownership is a major milestone in anyone’s life — but also one that involves lots of complexities and responsibilities. That’s why it’s important to take the necessary steps before ...
Learn about a few basic money-saving home features as well as Colonial’s Single Close Loan that will help save you time, money and effort when securing your home financing.

Money Saving Options When Building a Home

If you are considering building a custom home, you’ve probably realized there are hundreds of different features to choose from. Building materials, light fixtures, flooring, cabinets, appliances; the list goes on and on. One ...

Are You Eligible for a VA Home Loan?

Many military service people and Veterans are eligible for benefits through the Veterans Administration including special home loan options.  However, certain parameters are required by the VA including suitable credit, sufficient ...
Buying a home is a huge step in life and begins with a huge hurdle: the down payment. Fortunately, by starting early and thinking things through, you can get a solid jump on saving. Here are some easy ideas to get you started.

Best Ways to Save for Your Mortgage Down Payment

Buying a home is a huge step in life and begins with a huge hurdle: the down payment. Fortunately, by starting early and thinking things through, you can get a solid jump on saving. Here are some easy ideas to get you started. Automate ...
Fortunately, all hope is not lost if you don’t have a credit history or are just starting to establish a credit history, also known as having thin credit.

Buying a House with Little or No Credit

As with any major purchase that requires a line of credit, the process of buying a home starts with your credit score; the better it is, the better your chances of being approved for a loan. But what happens if you have little ...
For many Veterans and their families, the dream of homeownership may not be as difficult as they think. We’ve answered some of the most frequently asked questions about VA Loans.

VA Home Loans

In 1944, the GI Bill of Rights was passed to provide veterans with federally guaranteed home, farm, and business loans with no down payment. The Bill quickly transformed the economy and society to help billions of veterans achieve ...
The USDA has a loan program that offers homebuyers loans in rural development areas and even some suburban areas across the country.

USDA Loans 101

One of the best-kept secrets in home buying are United States Department of Agriculture (USDA) Home Loans. When most of us think of the USDA, we think of things like “certified organic” and other labels we might see at the ...