Financing a home doesnât have a reputation for being a particularly fast, pleasant, or transparent processâbut tides are changing. One of the most time-consuming and frustrating components of the mortgage loan cycle has been getting a modern makeover. In this article, we cover what income and employment verifications for home loans are and why theyâre … Read more
Buying or building a home in Arizona can be expensive, but USDA construction loans offer an affordable financing option for rural homebuyers. As part of the Single Family Housing Program, the USDA provides construction loans to help low- and moderate-income families achieve homeownership in rural areas. What is a USDA Construction Loan? A USDA construction … Read more
Embarking on the journey of building a new construction home can be both exciting and overwhelming, especially when it comes to understanding the various expenses involved. One crucial aspect to consider is closing costs, which play an essential role in the overall budgeting process. This blog post will equip you with the knowledge necessary to … Read more
Have you been dreaming of a major renovation or addition to your existing home? Whether you want to add a second story, finish the basement, or do a complete kitchen or bathroom remodel a construction loan can provide the financing needed to make your home improvement dreams a reality. A construction loan is a short-term … Read more
Homeowners associations (HOAs) and condominium associations often need to take out loans to finance major projects upgrades and repairs in the community. As the governing body of a shared community, the association may require financing to properly maintain and improve common areas and amenities. Loans allow HOAs and condo associations to spread the costs over … Read more
Federal Housing Administration loans, or FHA loans for short, are government-backed loans overseen by the U.S. Department of Housing and Urban Development (HUD). FHA loans are available to borrowers with a less-than-ideal credit score and not a lot of cash on hand, and these loans give home buyers on a tight budget a chance to … Read more
At some point, you might find yourself looking to get a loan. In general, a personal loan is more flexible, in that it can be used for a variety of purposes, while a mortgage is used solely to buy real estate. Getting a personal loan can be a great way to access funds for things … Read more
Getting an FHA loan can be a great way for many homebuyers to achieve the dream of homeownership especially those with lower credit scores or limited funds for a down payment. But if you already have an FHA mortgage you may be wondering – how many times can I get an FHA loan? Can I … Read more
Financial Concepts Mortgage is here to assist new and existing homeowners in Oklahoma City and rural Oklahoma with USDA home loans. Rural Housing Service (RHS) loans are more commonly known as USDA loans. These mortgages are backed by USDA Rural Development and are issued by private mortgage lenders like our expert team via the Single-Family … Read more
Buying a mobile home can be an affordable way to achieve the dream of homeownership. With a VA mobile home loan, qualified veterans can purchase a manufactured or mobile home and land with no down payment. These loans have unique requirements, so it’s important to understand the specifics when considering this option. What is a … Read more