A USDA one time close construction loan allows you to buy land, build a home, and secure permanent financing all with one loan. This can greatly simplify the process of becoming a homeowner. With a traditional construction loan you’d need separate loans for the land purchase, construction, and long-term mortgage. But the USDA one time … Read more
The USDA home loan program provides 100% financing to eligible homebuyers in rural and suburban areas of Illinois. With no down payment requirement and more flexible credit standards, a USDA loan can be an excellent option for low- to moderate-income buyers. However, there are specific eligibility criteria borrowers must meet to qualify for a USDA … Read more
Purchasing a home is an exciting yet challenging process, especially for military service members and veterans. The VA home loan program provides significant benefits like no down payment and no private mortgage insurance to help make buying a home more affordable. While VA loans offer great advantages, the lending guidelines and qualifications can still be … Read more
Getting a home loan can be an exciting yet stressful process. As a home loan applicant you want to make sure you understand all the ins and outs before signing on the dotted line. One important document you’ll receive during the home loan process is the Notice to the Home Loan Applicant. This notice provides … Read more
The short answer to the question “Can I use my land as equity for a construction loan” is yes. If you own your land outright (no mortgage or liens) you can likely use your equity in the land toward the purchase of a new home. In this scenario, you could use your equity in the … Read more
The FHA loan program offers homebuyers numerous benefits like low down payments and flexible credit requirements As a result, many borrowers turn to FHA loans when purchasing their first home But can you get an FHA loan more than once? Let’s dive into the details. Overview of FHA Loans FHA loans are insured by the … Read more
The United States Department of Agriculture (USDA) offers home loans to help those living in rural areas obtain affordable housing One type of USDA loan allows borrowers to finance the construction of a new home through what is known as a USDA construction loan. What is a USDA Construction Loan? A USDA construction loan, also … Read more
Buying a condo can be an attractive option for many homebuyers, especially first-time buyers. Condos offer lower maintenance than single-family homes and are often more budget-friendly. However, financing a condo purchase can have some unique requirements. If you want to buy a condo using an FHA loan, you may be wondering – can I buy … Read more
Whether youre a first-time homebuyer, moving to a new home, or want to refinance your existing conventional or FHA mortgage, the FHA loan program will let you purchase a home with a low down payment and flexible guidelines.580 Credit Score- and only -3.5% Down RELATED ARTICLES FHA loan limits were established to define how much … Read more
Disconnection notice? Home or auto repairs? High utility bills? Stop worrying and let us help you get the cash you need. For more than 50 years, Signature Finance has been helping people just like you, because in life, unexpected things happen. Our friendly staff is standing by to assist you with your loan and get … Read more