The Agricultural and Small Business Development Authority administers a program that enables lenders to receive federally tax-exempt interest on loans made to beginning farmers. The tax savings are passed on to beginning farmers in the form of lower interest rates. A qualified borrower can borrow up to $649,400 to buy: The maximum loan is $649,400. … Read more
Taking out a loan and using your vehicle as collateral can be an attractive option when you need access to funds. However, these types of secured loans also come with risks that you should fully understand before moving forward. This comprehensive guide will provide all the key details on secured auto loans so you can … Read more
Georgia is known as the Peach State, but it could also be called the Land Loan State. Land loans are an increasingly popular way for Georgians to purchase property and realize their dreams of homeownership. In this comprehensive guide, we’ll explain everything you need to know about land loans in Georgia. What is a Land … Read more
Buying a home is an exciting milestone, but qualifying for a mortgage can be challenging, especially for first-time homebuyers. If you’re looking to purchase a home in Pennsylvania this year, FHA loans can be a great option thanks to their flexible credit and down payment requirements. But what exactly are the FHA loan requirements for … Read more
Having a low credit score can impact your eligibility to borrow money via a traditional loan. However, income-based loans aren’t based on your credit score or tied to a specific type of purchase (e.g., home or car), so they are often more accessible to borrowers with bad credit or who want flexibility in using the … Read more
There are many reasons why you may not have credit. You could be young and just starting out. An immigrant who is new to our financial system. Or perhaps you’ve operated on cash and haven’t participated in the credit system to date. Whatever the reason, we have a way to help you slowly and securely … Read more
Do you know your debt-to-income ratio? Learn more about your DTI ratio, from how it works to how you can use it to your advantage in your next purchase. Between credit scores, interest rate percentages, and auto loan term lengths, buying a car incorporates several types of numerical amounts. The term “debt-to-income ratio” represents another … Read more
One way to recover some money during tax season is through tax deductions, which are reductions of income that are able to be taxed and are commonly a result of expenses. There are many types of tax deductions, one of which is car loan interest. Paying interest on a car loan can be a big … Read more
Buying a mobile home can be an affordable way to achieve homeownership. However, securing financing for a mobile home is different than getting a traditional mortgage. This comprehensive guide covers everything you need to know about applying for a mobile home loan. Overview of Mobile Home Loans Mobile homes also known as manufactured homes are … Read more
An FHA loan, a mortgage insured by the Federal Housing Administration, is a popular choice for many home buyers because of its low down payment and modest credit score requirements. If you want to buy a condo and benefit from the low down payment that comes with an FHA loan, youâll need to either buy … Read more