Small mortgage loans, which are for any dollar amount less than $100,000, can be hard to come by. Still, it’s possible to qualify for one. We’ll walk you through what defines a small mortgage loan, how to find one and why it can be difficult to secure one. We’ve also compiled a list of alternatives … Read more
Want a home outside the city limits? Make it happen with a home loan from the USDA (United States Department of Agriculture). Designed for homeowners in small towns and rural communities, you can enjoy a $0 down payment and the ability to finance up to 100% of the purchase price with a USDA home loan. … Read more
If you’re a military borrower, getting approved for a VA loan with bad credit is possible, regardless of any blemishes in your financial history. The U.S. Department of Veterans Affairs (VA) will even guarantee mortgages for veterans who have overcome a previous bankruptcy or foreclosure. Getting approved for a VA loan when you have bad … Read more
Construction loans and permanent financing are two common options for funding a new home build or major renovation project. While they share some similarities, there are key differences buyers should understand when weighing the pros and cons of each. This comprehensive guide examines how construction loans and permanent financing work, who they best serve, and … Read more
Building your new home becomes simple with the right lender. Avoid challenging expenses and timelines by securing financing that will make building a home achievable and affordable. A Fannie Mae single close construction loan puts building a single-family home within your reach, offering down payment options and simplified financing. Purchase land or build on property … Read more
You’re here because you want to know definitively: “Can you purchase land with a VA loan?“ The short answer is “YES,” you can use a VA loan to purchase land, but there are some important conditions and limitations to be aware of, which we’ll cover in this blog post. The VA allows veterans to use … Read more
If you’re a service member or a veteran who wants to build your own home, a VA-backed loan could be the best way to go. With a VA Purchase Loan, which is a benefit of your service, you can get financing to purchase land and to build your own home, all wrapped into one mortgage. … Read more
It’s not always easy to qualify for a personal loan. Fortunately, though, there are plenty of other ways to find the funding you need. With that in mind, here are seven personal loan alternatives to consider next time you’re looking to borrow money. Read them over to find the financing option that best suits your … Read more
Purchasing an Airbnb property can be a great investment, allowing you to earn income through short-term rentals. However, coming up with a down payment on a mortgage can be challenging. The good news is that there are options for financing an Airbnb property with no down payment. In this article, we’ll explore strategies investors can … Read more
Buying your first home is an exciting milestone, but it also involves making some big financial decisions. Two popular options for first-time homebuyers are USDA loans and FHA loans. They both offer low down payments and flexible credit requirements. However there are some key differences when it comes to eligibility costs, and long-term affordability. One … Read more