Veterans with reduced VA loan entitlement must still follow VA loan limits. Keep in mind, VA loan limits are not a maximum on how much you can borrow but help determine how much you can borrow without needing to factor in a down payment. If you’re a veteran or active-duty servicemember looking to buy a … Read more
Getting financing for a mobile home can be challenging, especially if you have bad credit. However there are still options available if you have less-than-perfect credit and need to finance the purchase of a mobile or manufactured home. In this comprehensive guide we’ll walk through everything you need to know about getting loans for mobile … Read more
Most people who buy or refinance a home pay closing costs. You might wonder: “Are closing costs tax-deductible?” The answer: It depends. Some of these costs can count as tax deductions for homeowners if you itemize your tax bill. Buying a home is an exciting milestone, but it also comes with significant closing costs On … Read more
At Dash Home Loans, we make the mortgage lending process simple. As experienced home loan lenders³, we can help you get approved for a USDA loan in Virginia. Applying for a USDA home loan doesn’t have to be difficult – Dash is here to help you find the most affordable Virginia home loans for your … Read more
Indiana FHA Loans provide homebuyers in Indiana with a more affordable loan option than a traditional loan. At The Home Loan Expert, we’ve helped many Indiana residents purchase their homes with an FHA Loan–it’s actually one of our most popular loans to date. What are the requirements to get an FHA Loan in Indiana? And … Read more
When buying a home, you’ll likely work with a lender and a loan officer at some point in the mortgage process. But what exactly do these professionals do, and how are their roles different? Understanding the key distinctions can help you know what to expect when applying for a mortgage loan. Mortgage Lenders Mortgage lenders … Read more
Conditional approval is a step in the home buying process that might occur before you get your final mortgage approval. If your lender tells you that youâre âconditionally approved,â you might be wondering how it differs from initial mortgage approval to buy or refinance a home. Letâs take a look at the different types of … Read more
As a homeowner, you’ve invested time and money into your house. Now, you may wonder how you can get more out of your home. A home equity loan is a great way to pay for home renovations, an emergency bill, or something else entirely without draining your savings account! But how long does it take … Read more
Use the following calculator to determine the maximum monthly payment (P+I) and the maximum loan amount for which you may qualify. DISCLAIMER: The figures above are based upon VAs debt-to-income ratio which is a ratio of total monthly debt payments (housing expense, installment debts, and so on) to gross monthly income. The VA has determined … Read more
Even for the most financially healthy people, loans can sometimes be difficult to obtain, especially larger ones. However, if you need a loan, options are available to help you get one, including using owned land or land that was gifted to you as collateral. By using land as collateral for a loan, lenders are more … Read more