You can use this USDA eligibility map to find USDA-eligible homes in your area. Look up the address you’re interested in purchasing to verify it falls within a rural area, as determined by the U.S. Department of Agriculture. Rural areas face unique challenges, from lack of infrastructure to limited economic opportunities. Rural development loans are … Read more
Nearly every commercial real estate transaction involves a loan, and commercial real estate mortgages can be far more complicated than their residential counterparts. In many cases, CRE mortgages offer additional options and nuances that are needed to meet the unique needs of a commercial real estate borrower. Several of these unique options have to do … Read more
Applying for a new home loan can be intimidating, especially if you have a less-than-ideal credit score. While most loan programs and lenders have minimum credit score requirements, it is possible to get a no-credit-check mortgage that allows you to qualify for a home loan with no credit. Here’s a look at what to expect … Read more
Getting a mortgage with only 1% down may sound too good to be true, but these types of loans actually do exist! As a mortgage broker, I want to provide an in-depth look at how 1 down mortgage loans work and who can qualify for them. What Exactly is a 1 Down Mortgage? A 1 … Read more
Being a military spouse comes with many sacrifices, including frequent moves and separation from your spouse. Unfortunately, these challenges can also make it difficult to build good credit or recover from past credit mistakes. If you’re a military spouse struggling with bad credit, you still have options when you need to take out a personal … Read more
California is home to one of the largest and most competitive mortgage markets in the country. With high demand for real estate and mortgages being a loan officer in the Golden State can be a lucrative career. However you need to follow the proper steps to get licensed and start originating loans legally in California. … Read more
VA loans allow eligible veterans, active duty service members, and surviving spouses to purchase or refinance a home with a zero percent down payment, competitive interest rates, and more flexible lending requirements. When you apply for a VA loan, you have two options: adjustable-rate vs. fixed-rate mortgages. Each has its pros and cons and is … Read more
A VA loan can help you achieve your dream of homeownership with more flexible lending criteria. However, these loans are only available for eligible veterans, active duty service members, and surviving spouses. If you’ve used your VA loan before or are considering using your entitlement to purchase your first house, you might wonder, “How many … 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. Buying a home is an exciting milestone in life. After … Read more
A conventional mortgage is a home loan thatâs not insured or guaranteed by the U.S. government. Qualifying home buyers can use conventional mortgages to purchase a primary residence, second home, or investment property. You dont need a 20% down payment to get a conventional loan. Some programs allow down payments as low as 5% or … Read more