A construction-to-permanent loan is a type of loan which allows you to build or renovate your home. When the construction process is finished, the loan converts into a traditional mortgage without you having to go through another closing process. During…
Read MoreBuilding a home can be a stressful process, but with a construction-to-permanent loan you can save time and money with a one-time closing. This loan brings you through the entire process of both buying and completing construction with a single…
Read MoreA 2-1 buydown is a mortgage loan option where the seller or builder reduces the homebuyer’s interest rate for the first two years of the loan. This means that for the buyer, the interest rate is two percentage points less…
Read MoreThe current rise in interest rates has created a large affordability issue when it comes to buying a home. As a result, temporary buydowns have become an option that some buyers and sellers are considering. A 2-1 buydown is a…
Read MoreTo get approved for a USDA loan, there are eligibility requirements a borrower must meet. In addition to the typical mortgage approval requirements such as income and credit score verification, eligibility is also based on a combination of household size…
Read MoreUSDA Loans are low interest rate and no down payment mortgages for eligible rural homebuyers. This program is ideal for low income borrowers who can’t get a traditional mortgage. When it comes to a government-backed loan such as a USDA…
Read MoreAn FHA loan is a home purchase and refinance loan, similar to a conventional mortgage. The difference between the two is that FHA loans feature mortgage insurance from the Federal Housing Administration. So rather than making mortgage loans to home…
Read MoreFederal Housing Administration (FHA) Loans are a lot more flexible than many other programs. An FHA loan is an affordable way for first-time and repeat home buyers to buy or refinance a home. Since the federal government insures FHA loans,…
Read MoreA Debt Service Coverage Ratio (DSCR) mortgage, allows investors to purchase or refinance a rental property without having to provide tax returns, W-2s, pay stubs, or any other personal and financial information. To qualify for a DSCR loan, the rental…
Read MoreDebt Service Coverage Ratio (DSCR) loans allow real estate investors to qualify for a loan based entirely on the cash flow generated by the investment property, rather than their personal income. It can be used to close the mortgage on…
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