Using Gift Funds for Your VA Home Loan

The VA loan program does allow gift funds to be used towards the down payment and closing costs, but there must be a letter including donor information. VA loans provide Veterans with numerous potential benefits, one of them being a $0 downpayment. While no downpayment can save you a considerable amount of cash, it is … Read more

Everything You Need to Know About Commercial Multifamily Loan Requirements

Getting a commercial multifamily loan can be a great way to finance an investment property with multiple units However, these loans come with specific requirements that borrowers need to be aware of In this comprehensive guide, we’ll walk through all the key qualification criteria, documentation, and steps involved in securing commercial multifamily financing. What is … Read more

Can You Get an Equity Loan on Land?

If you’re in the market to purchase land and don’t have the full amount available in cash, you may need to seek various financing options. In most cases, you’ll get a mortgage specifically for the land. But you may also consider using a home equity loan. Home equity loans typically have better interest rates and … Read more

What Are the Requirements to Assume a VA Loan?

Assuming a VA loan can be an attractive option for homebuyers in today’s rising interest rate environment. By taking over the mortgage of a current VA homeowner, you may be able to lock in a lower rate than what is currently available. However, there are certain requirements you’ll need to meet in order to qualify … Read more