Purchasing land to build a dream home or start a business is an exciting endeavor. However, land can be expensive, so financing may be necessary. The good news is, yes you can get a loan for land! Land loans, also called lot loans, allow buyers to purchase plots of raw, undeveloped land. With some research … Read more
Can you buy an apartment building with FHA financing? And what I’m saying is can you buy a duplex, triplex or fourplex using FHA financing? You’ve probably heard from real estate investing podcasts or books about being able to take advantage of an FHA Loan as a first-time home buyer for your first apartment building. … Read more
Learn the benefits and pitfalls Part of the Series Home Equity Loans/HELOC Tapping Your Home Equity A home equity loan, also known as a second mortgage, lets homeowners borrow money by drawing on the equity value in their homes. Home equity loans exploded in popularity in the late 1980s, as they provided a way to … 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
Life doesn’t always go as planned. You or a loved one may suffer an illness, face unemployment, or experience another hardship causing money struggles. Overland offers financial recovery loans to help you get back on track during difficult times. In this comprehensive guide, we’ll explain what Overland financial hardship loans entail who qualifies required documents, … Read more
Hard money loans provide fast flexible financing for real estate investors to fund projects like rehabs and new construction. But these short-term high-interest loans aren’t intended for long-term holds. At some point, you’ll want to refinance into a better long-term financing option. Refinancing a hard money loan can be tricky though. You need to find … Read more
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Veterans nationwide can take advantage of the benefits offered through a Department of Veterans Affairs (VA) loan. In most cases, VA loans save home buyers money over the length of their loan. Service members enjoy benefits like avoiding a down payment, refinancing the entire value of a home or easier eligibility requirements for a mortgage. … Read more
Similar to home equity, land equity is the value of your land minus any money you owe on the loan used to purchase it. With a land equity loan, you can turn that equity into cash without having to sell the land itself. You can use it to build a home on the property, pay … Read more
If you’re looking to build your dream home, an owner builder construction loan could be the perfect financing option As an owner builder, you take on the role of general contractor and oversee the home building process yourself This allows for immense flexibility and control in the design and construction of your custom home. In … Read more