USDA LOANS What are USDA Loans? A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA. Benefits of USDA Loans Who is eligible …
ITIN LOANS What are ITIN (Individual Tax Identification Number) Loans? ITIN is the acronym for Individual Tax Identification Number and is issued to Foreign Nationals and can be used in lieu of a social security number when a non-permanent resident alien applying for credit, employment and other areas where a social security number is required. …
FOREIGN NATIONAL PROGRAMS Want to buy a home in the United States, but you’re not a US Citizen? No problem, Our Foreign National Loan Program makes buying a home in the US easier for non-US citizens. While the guidelines on these loans are different than conventional, conforming or other federally insured loan programs, we are …
COMMERCIAL LOAN PROGRAMS What Are Commercial Loans? A commercial loan differs from a residential mortgage in that the collateral used to secure a commercial loan is a commercial building or business real estate instead of a residential property. What’s more is commercial mortgages are generally assumed by a business entity instead of an individual borrower. …
VA LOANS What are VA Loans? A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country. Benefits of VA Loans Who is eligible for a VA Loan? As …
REVERSE MORTGAGE LOANS What is a Reverse Mortgage Loan? A reverse mortgage loan is a loan designed to allow seniors to draw upon the equity in their homes. Seniors can select to receive the loan proceeds either by a lump sum payment, by monthly installments, as a line of credit or as a combination of …
FHA LOANS What are FHA Loans? FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit. FHA Loan Benefits FHA insured mortgages are some of the …
Refinace Your Mortgage Refinancing a home mortgage can be a big decision for many homeowners. Your situation and needs change over time so why shouldn’t your mortgage? Now might be the right time for you to refinance into a lower rate mortgage. You should take the time to consider the following questions to see if …
Conventional Purchase Loans Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. What are Conventional Loans? Conventional Loans are mortgage loans that are not insured by the government (like FHA, …