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 […]
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 […]
Nearly all of these VA guidelines and rules will apply to a VA mortgage whether it is a purchase transaction or a refinance loan.
Weighing up the pros and cons will better help you understand whether your unique financial situation best suits an FHA loan.
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 […]
Minnesota VA Loan The many women and men who serve our country in the armed forces deserve our utmost respect. They willingly sacrifice themselves in the pursuit of our country’s freedom. It is for this very reason that the Department of Veterans Affairs introduced VA loans. Unique Minnesota VA Home Loan Features The VA home loan […]
For potential home buyers who are in need of saving money on their purchase, there are some great ways to buy a home with a no or low down payment requirement. A few of the loans have very specific requirements in order to qualify. However, as we will show, most of these loans are available […]
Before you consider buying a condo, it is important to find out if the condo has been approved by Fannie Mae or Freddie Mac, if you are going to use a conventional loan. If you are using a government-insured loan from the FHA, VA, or USDA, the condo project has to be approved by their requirements.
Mortgage overlays are specific rules a lender follows ABOVE the published guidelines set by Fannie Mae, Freddie Mac, FHA, VA and USDA.
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 […]
