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 […]
Qualify for an FHA Loan in Virginia You’ve probably heard of FHA loans when thinking about buying a home in Virginia, but is it the best option for you? It is a popular choice, not only for first-time home buyers, and there are many reasons to seriously consider this type of mortgage. We look at […]
For people that want to not only buy a home but get a great deal on their mortgage, the USDA home loan is one of the better programs available for those who qualify.
Qualify for a Bank Statement Loan for the Self-Employed While the mortgage crisis from 10 years ago may have changed the way mortgages are offered, the bank statement loan program is still available under the right circumstances. This type of non-qualified mortgage loan will require some documentation for the down payment and income, but it […]
We are proud to offer a wide range of loans that will fit any type of housing need for our clients. Conventional Loans A conventional loan is perfect for homebuyers that have excellent credit and a small nest egg saved for a down payment. With a 3%* down payment, conventional loans offer the lowest rates […]
Rather than provide their kids or grandkids with a check as a down payment on a home, some people choose to offer a gift of equity on an existing home.
Homeowners often get a ton of information from various sources about refinancing. Because there are many types of refinances it can be a bit confusing when trying to compare the different loans. This article will serve as a basic guide to explain a refinance mortgage and why a person would consider this financial move. Basics […]
Although some of these things may sound too good to be true, or even insane, all of the following facts about the USDA mortgage program are true.
Mortgage overlays are specific rules a lender follows ABOVE the published guidelines set by Fannie Mae, Freddie Mac, FHA, VA and USDA.
The VA mortgage has some wonderful benefits along with a few obstacles that borrowers need to understand. Learn the pros and cons of the VA loan and make a good, educated decision about your home purchase.
