Purchasing a home is an exciting milestone, but qualifying for a mortgage loan can be challenging, especially in rural areas. Fortunately, the USDA Rural Development program offers direct home loans to help low-income families and individuals in rural Louisiana become homeowners when they cannot qualify for traditional financing. These affordable loans have unique requirements and … Read more
If youâve been trying to buy a home during the last few years, you know that itâs hard out there. Even as demand eases in the current rising interest rate environment, housing inventories are low, prices are high and even seasoned investors are having trouble finding bargains. You may be thinking of stepping outside the … Read more
Adding extra space to your home can be an excellent way to accommodate a growing family, create a better layout, or add value. But paying for a home addition requires finding the right financing option for your needs and budget. This comprehensive guide will walk you through everything you need to know about getting a … Read more
Land loans allow buyers to purchase vacant land to either build a home on in the future or use recreationally They are an alternative financing option for those who want to own land without taking out a traditional home loan But how long do land loans typically last? Let’s take a closer look. What is … Read more
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Whether you are a first time homebuyer or a seasoned homeowner, you need to be ble to write an effective employment letter for your mortgage application. An employment letter for mortgage is a document that confirms your current employment status, income, and job stability, and is used by lenders to assess your ability to make … Read more
A USDA Rural Development loan, commonly referred to as a “USDA loan” or “RD Loan”, will allow you to buy a home with no down payment. Yes 100 percent financing loans still exist, however, few people know about the benefits. The USDA zero down home loan may be the right solution for your next home … Read more
Selling a loan you originated can be a smart move for both profitability and risk management But where do you start when it comes to selling off loans? This comprehensive guide will walk you through the process step-by-step Overview of Selling Loans Lenders have a few options when looking to sell loans Sell to government … Read more
Owner builder home loans allow you to take control of your dream home build. As an owner builder, you act as the general contractor and oversee the entire construction process. This gives you more flexibility and can save money compared to hiring a builder to construct your home. However owner builder loans come with challenges … Read more
Single moms have a tough job, and many Americans are taking on this responsibility. According to the U.S. Census Bureau, 80% of single-parent households were headed by mothers. Raising a family alone and on one income is challenging. When unexpected expenses pop up, that financial situation can be a disaster. Loans for single mothers are … Read more