First of all, the Department of Veterans Affairs does not allow VA lenders to offer standalone land loans utilizing a Veteran’s home loan eligibility. However, you can use the VA-insured loan program to buy land if it’s combined with the construction costs of building a new home. This loan product, known as a VA One-Time Close construction to permanent loan, allows borrowers to roll all the costs into one loan, requires $0 down payment for | more...
When can I refinance an FHA loan? That is a common question and one that is addressed in the FHA loan handbook, HUD 4000.1. There | more...
Is the credit check for an FHA cash-out refinance loan the same as for a new purchase home loan? Borrowers want to know how their | more...
An FHA refinance replaces your existing mortgage with a new one. It is sometimes used to obtain a loan with more favorable terms or get | more...
How do you know you are ready to apply for an FHA home loan? And by that question, we mean sending the documents to the | more...
Interested in applying for an FHA mortgage or a refinance loan? It’s not as easy as finding a lender and applying; you will need plenty | more...
There are two types of mortgage insurance: private mortgage insurance (PMI) and Federal Housing Administration (FHA) mortgage insurance. Each has a specific use and purpose | more...
If you’re looking at your home loan options, now is the time to brush up on some mortgage terminology. Our friends at FHA.com have made it easy with their Homebuyer Terminology animations.
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First of all, the Department of Veterans Affairs does not allow VA lenders to offer standalone land loans utilizing a Veteran’s home loan eligibility. However, | more...
If you are interested in purchasing a piece of land and financing it through a VA-approved lender, there are several loan options available for you. | more...
You can use a One-Time Close construction loan to build a new home on your own land or land you buy in conjunction with the | more...
