Search Results for: bloomington-conventional-loans

First Time Home Buyer

First Time Home Buyer Programs

First Time Home Buyer Guide: Programs and Requirements People looking to purchase their first home usually have a wide range of home loans to choose from. We are happy to offer multiple types of first time home buyer programs that should fit almost every potential need. We offer many First Time Home Buyer programs including: Government […]

Jumbo Mortgage

Jumbo Loan

There is a solid reason why the word “jumbo” is used to identify a certain type of mortgage loan. Typically, a jumbo loan is enormous in size when compared to an average home loan. For this reason, jumbo loans have a few special criteria that set them apart from other types of loans. What is a […]

Jumbo Mortgage Myths That Are Holding You Back

Jumbo Mortgage Myths

Many misconceptions exist about the process of acquiring a jumbo mortgage loan. Thanks to the improving luxury housing market, jumbo loans have made a rebound. This article discusses the top 5 jumbo mortgage myths and why they are wrong.

Conventional Loans

Conventional Loans

Conventional loans by Fannie Mae and Freddie Mac are available to a wide range of consumers in order to fit multiple situations.  If you have great credit and a bit of money saved up, it is likely that one of these conventional loans is perfect for you. Combo Loans This is a great way to avoid […]

DSCR Loans: Debt Service Coverage Ratio Mortgage Guidelines

DSCR Loans: Debt Service Coverage Ratio Mortgage Guidelines

If you want to use rental income to help finance an investment property, a debt service coverage ratio (DSCR) mortgage could meet your requirements. The cash flow from the property can be used to qualify for the loan without needing to provide additional income documentation, such as tax returns. But is a DSCR loan right […]