What are all mortgages loans for first time buyer? What is the current interest rate on mortgages loan?

loan
I am looking for some personal experience from the first time buyer.
Where is the best place to get mortgages loan?

Is there a federal mortgage loan?
I am looking to buy in the next few months and I need some one to guide me on loan and everything about home buying for the first time.

How many points do you lose on you credit score after getting a mortgage loan?

mortgage loan
I want to forecast what will happen to my credit score after I commit to a mortgage loan. Any input will help, thank you very much.

Can you use a mortgage loan to fix up a house?

mortgage loan
If I got a mortgage loan for a $25000 house, could I have the loan be for $35000-40000 to fix up/repair the house or does the money only work towards buying the house?

What does underwriting mean for the mortgage loan?

mortgage loan
My mortgage loan has been approved, but I have to wait for an underwriting at this point. Can you explain what does it mean?

Mortgage Loan?

mortgage loan
When my Fiance and I go for a mortgage loan will they look at both our incomes and credit score? And what are the determining factors for a loan officer to give you a loan?

I am married but not on the Mortgage loan w/ my spouse can my credit be affected, in foreclosure?

mortgage loan
I am married bu i am not on the mortgage loan, it does not show up on my credit report and when the payment stub comes in the mail it is only addressed to my spouse. If we foreclose can this affect my credit? Or will only my spouse’s credit be affected?
I did sign the loan papers but then the loan was sold and my name does not appear on the new loan bill and it the loan debt only shows up in my spouse’s credit and not mine.

How to do a Mortgage Loan Setup? What are the steps involve?

mortgage loan
I understand the Mortgage Processing part but am confused about the steps involved in Loan Setup. Does it start at the initial stage of documentation with the broker? I need to know the steps involved in this process in detail. Thanks…

What does it mean if your mortgage loan is in the closing department? Does that mean it’s approved?

mortgage loan
My mortgage broker told me that the loan is now in the closing department. What happens next?

if you get a mortgage loan from the bank what is usually the qualifications, in getting approved?

mortgage loan
what type of info must I provide? what is the minimum that they usually qualify you for?
Is it better to get a loan from the bank, or one of these mortgage lenders?