Our Free Debt Eliminator has been designed to help narrow down options based on your individual. Consumers in search of bad credit home loans may be surprised to discover they have multiple options. While homebuyers with excellent credit qualify for mortgages with the most favorable terms, there are several programs and loans available for prospective homeowners buying a home with bad credit.
A home equity loan-also known as an equity loan, home equity installment loan, or second mortgage-is a type of consumer debt. Home equity loans allow homeowners to borrow against the equity in their home. The loan amount is based on the difference between the home's current market value and the homeowner's mortgage balance due. Home equity loans tend to be fixed-rate, while the typical alternative, home equity lines of credit (HELOCs), generally have variable rates.
A home equity loan-also known as an equity loan, home equity installment loan, or second mortgage-is a type of consumer debt. Home equity loans allow homeowners to borrow against the equity in their home. The loan amount is based on the difference between the home's current market value and the homeowner's mortgage balance due. Home equity loans tend to be fixed-rate, while the typical alternative, home equity lines of credit (HELOCs), generally have variable rates.
Services
We have built a strong reputation as an outstanding mortgage lending firm, serving the lending needs of real estate professionals, builders, and individual home buyers throughout Florida.
We're a full service mortgage lender with an experienced staff offering expertise in every area of mortgage lending, from purchase to refinance to construction lending.
We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan-with the best rates, terms and costs-to meet your unique needs.
We're a full service mortgage lender with an experienced staff offering expertise in every area of mortgage lending, from purchase to refinance to construction lending.
We have access to a full range of mortgage sources and all of our lending specialists are dedicated to finding the right loan-with the best rates, terms and costs-to meet your unique needs.
Many home buyers are in the market for what is called a conventional loan.
Conventional loans are mortgages not guaranteed or insured by the federal government.
Conventional loans can be either "conforming" or "non-conforming", although conventional loan requirements generally refer to mortgage guidelines that 'conform' to government sponsored enterprises (GSE's) like Fannie Mae or Freddie Mac.
Therefore, when you're searching for more information on 'conventional loans', 'conforming loans' or 'conventional conforming loans', you're likely referring to the same thing.
Conventional loans are mortgages not guaranteed or insured by the federal government.
Conventional loans can be either "conforming" or "non-conforming", although conventional loan requirements generally refer to mortgage guidelines that 'conform' to government sponsored enterprises (GSE's) like Fannie Mae or Freddie Mac.
Therefore, when you're searching for more information on 'conventional loans', 'conforming loans' or 'conventional conforming loans', you're likely referring to the same thing.
FHA-insured loans make home ownership affordable and obtainable and are the key to getting many customers in the area into the homes of their dreams.
There is no limit on borrower income, and there is also more flexibility when it comes to your credit score.
A higher debt-to-income ratio which might stand in your way with conventional financing may be acceptable with an FHA loan in.
You may obtain an FHA loan not just for a home purchase, but also for renovation, a cash out refinance, reduction in interest rate, reduction in term, or even a reverse mortgage.
There is no limit on borrower income, and there is also more flexibility when it comes to your credit score.
A higher debt-to-income ratio which might stand in your way with conventional financing may be acceptable with an FHA loan in.
You may obtain an FHA loan not just for a home purchase, but also for renovation, a cash out refinance, reduction in interest rate, reduction in term, or even a reverse mortgage.
Designed to offer long-term financing to American veterans, VA mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration.
The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice.
It is generally easier to qualify for a VA loan than conventional loans.
A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice.
It is generally easier to qualify for a VA loan than conventional loans.
A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA.
When purchasing a home, veterans may borrow up to 100% of the sales price or reasonable value of the home, whichever is less.
Many homes fall within the conforming loan limits set by Fannie Mae and Freddie Mac, which means that they can be purchased using conventional loans.
But many homes exceed these limits, which means that they can only be purchased using Jumbo Loans.
Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits.
Rates on jumbo loans are typically higher than conforming loans.
Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes, and usually require a higher down payment than traditional loans.
But many homes exceed these limits, which means that they can only be purchased using Jumbo Loans.
Jumbo Loans exceed the maximum loan amounts established by Fannie Mae and Freddie Mac conventional loan limits.
Rates on jumbo loans are typically higher than conforming loans.
Jumbo Loans are typically used to buy more expensive homes and high-end custom construction homes, and usually require a higher down payment than traditional loans.
Reviews
Be the first to review We Are Not The Banks.
Write a Review
