Bella Mertz The short answer is yes. Financing manufactured homes (also sometimes called modular or mobile homes) is in fact allowed under VA mortgage guidelines. These are known colloquially as mobile home loans. Below, we’ll detail just exactly what a mobile home loan is, along with how, why, when, and where to pursue one. Buying a home … Read more
Amid increased mortgage rates, finding the best loans for investment property is crucial for the success of a real estate business in 2024. How you finance the purchase of a rental property is always important as it affects the size of the investment, which in turn impacts the rate of return. However, it has become … Read more
Some or all of the mortgage lenders featured on our site are advertising partners of NerdWallet, but this does not influence our evaluations, lender star ratings or the order in which lenders are listed on the page. Our opinions are our own. Here is a list of our partners. But even if you’re eligible for … Read more
Interest rates in reverse mortgages work very similarly to the way they work in any loan. There are some differences, however, that potential borrowers need to understand. It’s important to note that this article only addresses home equity conversion mortgages (HECMs), or government-backed reverse mortgages. Some reverse mortgage lenders offer proprietary mortgage loans that may … Read more
In a Nutshell If you’re a teen dreaming of buying a car, you’ll have to wait until you’re at least 18 to apply. You’ll have to overcome some hurdles, such as not having had time to establish a solid credit history. But there are some auto lenders out there that consider people who have a … Read more
Dreaming big about going tiny? Knowing how to finance a tiny house can turn those dreams into reality. Although you might save over the long haul, tiny houses don’t come with tiny upfront costs. You usually can’t use a traditional mortgage to pay for a tiny house, either. Instead, you might need to use a … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
Getting a mortgage is one of the most important financial decisions you can make when purchasing a home. There are two main professionals that can assist you with the mortgage process – a loan originator and a mortgage broker. While they both help borrowers obtain home loans, there are some key differences between the two … Read more
Interest rates are on the rise across America for all types of loans. Modular home interest rates are no different in that regard. However, these homes can still be a more accessible path to homeownership—provided that the buyer knows what makes buying a modular home a unique process. Let’s explore the differences, similarities, and a … Read more
Buying land and building a house from scratch can be an exciting prospect. You get to design and build your dream home exactly how you want it However, it also comes with its challenges, especially when it comes to financing. Land and house loans allow you to buy the land and finance the construction of … Read more