Offers loan guarantees to approved lenders providing financing to individuals and families with low or moderate income to obtain safe, clean, modest, affordable homes in rural areas. Reduces the risk to lenders, allowing them to extend 100% financing to eligible homebuyers who are unable to secure credit from other sources. Loan funds may be used … Read more
Buying your first investment property can be an intimidating process Where do you start? How much money do you need upfront? What financing options should you consider? This is where FHA loans can be a game changer for aspiring real estate investors In this comprehensive guide, I’ll walk you through how to use FHA financing … Read more
Government CUP (Community Facilities Utility Program) loans provide affordable financing for rural communities to develop repair and renovate essential utility infrastructure projects. These loans and grants are administered by the United States Department of Agriculture (USDA) Rural Development office. If your rural town or municipality needs funding for water, waste disposal, electricity, gas, or other … 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
Getting approved for an FHA loan in New Jersey can seem complicated, with various credit score requirements depending on your situation. This article breaks down key details on credit scores for FHA loans in NJ, so you can better understand qualification criteria when applying. Overview of FHA Loan Credit Score Requirements in NJ The Federal … Read more
Purchasing a condominium with a VA loan is an excellent option for many Veterans, but there are some special requirements to be aware of. In this comprehensive guide, we’ll cover everything you need to know about using your VA home loan benefit to buy a condo Overview of VA Loans First, let’s start with a … Read more
Equity Bank has been a trusted financial institution for individuals and businesses in the Midwest for over 90 years. As one of the largest independent banks in the region with over $20 billion in assets Equity Bank offers a wide range of lending solutions including personal loans auto loans, mortgages, business loans and more. As … Read more
While we always want to make our monthly mortgage payments, sometimes life can get in the way. If youâre in need of mortgage assistance, there are options available. One of those options involves writing a financial hardship letter. A financial hardship letter is a written document for your lender explaining why youâre unable to meet … Read more
Apartment buildings are expensive, but there are ways to get into the sector that wont break the bank. Find out seven techniques in our guide.In this article: Buying a multifamily property can be a great investment for real estate investors, whether they’re new to the game or have decades of experience. A multifamily investor can … Read more
Assuming a VA loan can be an attractive option for both buyers and sellers in certain housing markets. With mortgage rates rising in 2022, VA loan assumptions are starting to generate more buzz and interest. But what exactly does it mean to assume a VA loan? How does the process work? And is it really … Read more