If you’re interested in becoming a mortgage loan officer in Florida, there is a clear path to follow to get your Florida MLO license and begin your career in the residential mortgage industry. The term mortgage loan originator (MLO), licensed mortgage loan officer are frequently used interchangeably and both reflect the important job of helping … Read more
If you’re looking to build your dream home from the ground up one of the first steps is securing financing to purchase the land and pay for construction costs. Getting a loan to buy land and build a home may seem complicated, but it’s very feasible if you understand the different loan options available. In … Read more
Becoming a licensed mortgage loan originator (MLO) is an exciting career path if you enjoy sales and helping people realize the dream of homeownership. As a mortgage loan officer, you get to walk borrowers through the loan process, advise them on the best mortgage products, and close loans to purchase or refinance real estate. But … Read more
Whether youâre constructing or buying a new modular home, have you decided how youâre going to pay for it? Modular homes are typically more affordable than traditional, onsite-built homes, and the application and financing processes are similar. Modular homes can be a great, affordable housing option to explore. Weâll outline your options for modular home … Read more
When an applicants credit doesnt qualify them for a loan, finding a cosigner with good credit can help get the loan approved. Cosigning a loan may seem easy—all it takes is a signature, after all—but cosigning a loan is a serious commitment with serious consequences if things go off track. If youre thinking about cosigning … Read more
Buying a home is an exciting milestone, but it can also be intimidating, especially when navigating the various mortgage options. For rural homebuyers in Arizona, USDA mortgage loans present an excellent opportunity for affordable home financing. In this comprehensive guide, we’ll explain everything you need to know about getting a USDA mortgage in Arizona, from … Read more
Reviewed Editorial Note: We earn a commission from partner links on Forbes Advisor. Commissions do not affect our editors opinions or evaluations. Homebuyers are not limited to using a conventional loan. U.S. active-duty military service members, reservists or National Guardsmen, veterans and eligible surviving spouses can take advantage of the Veterans Affairs (VA) loan program. … Read more
Are you a borrower with a low credit score or an aspiring first-time home buyer who canât afford to make a large down payment? If so, a Federal Housing Administration (FHA) loan may help you on the path to homeownership. FHA loans are a popular type of home loan that requires a 580 FICO® Score … Read more
California’s housing market is notoriously expensive especially in coastal metro areas like San Francisco and Los Angeles. This means conforming loan limits, which determine the maximum size of a conventional mortgage that meets affordable housing goals, are higher here than most other parts of the country. For 2024, the baseline conforming limit set by the … Read more
The Home Loan Guarantee for Rural Kansas (HLG) helps financial institutions guarantee the gap under a loan used for land and building purchases, renovation, and new construction costs that may be capitalized or financed within rural Kansas counties. HLG will guarantee the amount of the loan that exceeds 80% of the appraised value of the … Read more