A VA loan limit is a cap on how much a homebuyer can borrow without needing a down payment. However, thanks to the Blue Water Navy Vietnam Veterans Act of 2019, VA loan limits do not apply to eligible VA borrowers with full VA loan entitlement. VA loan limits only apply to those with partial … 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
Signature loans are one of the most popular types of loans in Texas today, and for good reason. In this article, were going to have a look at what exactly signature loans are, what the requirements are, how the monthly payment system works and how exactly you can apply for one in Texas. Looking for … Read more
The ability to assume an existing VA loan and take over the mortgage from the current homeowner is one of the most overlooked benefits of VA loans With mortgage rates on the rise, VA loan assumptions are becoming more appealing as they allow buyers to inherit the low interest rate from the seller’s existing loan … Read more
Notary Signing Agents (NSAs) facilitate loan closings for the mortgage finance industry. Before starting the NSA certification process, you must be commissioned as a Notary Public. Please be aware that opportunities to conduct loan signings may be limited or restricted in 18 states. Notary loan signing agents play a crucial role in the mortgage and … Read more
FHA and VA loans are both popular choices for homebuyers, but which one is right for you? It all comes down to your unique financial circumstances. Each mortgage type has benefits and features unique to the program. FHA loans, insured by the Federal Housing Administration, are accessible to the general public. In contrast, VA loans … Read more
Knowing the type of interest you pay on a loan can prevent you from making detrimental financial decisions. Many loans charge simple interest, the most attractive form of interest on any loan. Hereâs everything you must know about the simple interest formula, how it works, and when it applies. Buying a home is likely one … Read more
Revolving credit and installment credit are two types of credit that work differently. Revolving credit allows borrowers to spend the borrowed money up to a predetermined credit limit, repay it, and spend it again. With installment credit, the borrower receives a lump sum of money that they must repay, in installments, by a specified date. … Read more
*Estimated payments above do not include amounts for taxes and insurance payments. Your payments may be greater. APR equals Annual Percentage Rate and assumes a purchase price of $200,000 with a 25% down payment and zero (0) points. Your rate and APR may be higher, all loans priced individually. Rates are subject to change at … Read more
A VA loan for a manufactured home can offer military borrowers a low-cost, accessible path to homeownership. Manufactured homes are roughly half as expensive as traditional site-built homes on a per-square-foot basis, and VA loans typically offer competitive interest rates and loan terms. However, only VA-approved lenders can provide VA loans for manufactured homes. In … Read more