FHA Manufactured Home Loan Guidelines: Everything You Need to Know

If you’re looking for a unique, cost-effective alternative to a traditional single-family house, a manufactured home can be a compelling option. However, obtaining a Federal Housing Administration (FHA) manufactured home loan can be challenging for home buyers due to various factors, such as the age of the property and whether it’s permanently attached to the … Read more

Understanding VA Loan Residual Income Requirements: A Step-by-Step Guide to Using the VA Residual Income Calculator

Our VA residual income calculator can help you estimate your net income after subtracting monthly expenses. Qualifying for a VA loan means you have to meet all the qualifications set forth in the underwriting guidelines, including a residual income requirement. Getting a VA loan to buy your dream home can be an exciting prospect With … Read more

How to Use Quicken’s Handy Mortgage Calculator Tool

Getting a mortgage is one of the biggest financial decisions you can make. The Quicken mortgage calculator is a useful free tool to estimate your monthly payments, preview loan options, and determine affordability. Read on for a step-by-step guide to using Quicken’s mortgage calculator to gain key insights before talking to lenders Why Use A … Read more

Private Money Mortgage Loans: A Guide for Borrowers

Private money mortgage loans have become an increasingly popular option for borrowers who may not qualify for traditional bank financing As a real estate investor and blogger, I want to provide a comprehensive guide explaining what private money loans are, who offers them, their pros and cons, and things to consider before getting one What … Read more

Can You Get an FHA Loan for an Investment Property?

With a few exceptions, the answer is no Part of the Series Federal Housing Administration (FHA) Loans Understanding FHA Loans Low down payments and low credit score requirements make Federal Housing Administration (FHA) loans an attractive option for homebuyers who might not qualify for a traditional mortgage. While this may be good news for some … Read more

Who Can Assume a VA Loan? A Comprehensive Guide

VA loans are a great option for many homebuyers, especially military servicemembers, veterans and their families. One little known benefit of VA loans is that they are assumable – meaning the loan can be transferred to a new borrower who takes over the mortgage. This opens up VA home loans to a wider pool of … Read more