VA loans can only be used for a home that you plan to keep as your primary residence. They cannot be used to obtain a rental home, investment property, or second home. They can, however, be used to purchase a two- to four-unit property if you live in one unit but rent out the r...
Making home loans human, means seeing past the numbers. We make loans to people, not credit histories. We make decisions based on individuals, not just scores. Determining your needs, budget and qualifications should be a conversation not an interrogation. ...
However, the terms you get might be less favorable than they would be for borrowers with established credit histories. So, you’re usually better off waiting until you’vebuilt a sufficient credit historyto qualify for a much better home loan. Did you know? No credit check home loans existed...
and liabilities (i.e. credit card balances, car loans, etc.). Lenders also do a credit check to find out if you pay your bills on time. To qualify for a mortgage, the applicant's gross annual income, credit history, and assets and liabilities (past or present) all impact the final...
For instance, if you plan to purchase a home valued at $800,000, it is recommended to have an upfront savings of $160,000. This approach ensures an 80% loan-to-value ratio (LVR). Our team can also help you with loans with a minimum 5% deposit. What is LVR? Your loan-to-...
these loans feature flexible credit requirements, including a streamline refinance assist program, making them accessible to individuals with less-than-perfect credit histories. Another benefit is the ability for sellers to contribute towards the buyer’s closing costs, reducing the upfront cash needed ...
FHA home loans are great mortgages for all kinds of home buyers. Pre-qualify for a down payment as low as 3.5% with easy credit qualifying today!
be sure to explain your situation to the lender or broker. If your credit problems cannot be explained, you will probably have to pay more than borrowers who have good credit histories. Ask how your credit history affects the price of your loan and what you would need to do to get a be...
Loans For Everyone You’re welcome no matter what your credit score is. You can use the funds for any purpose You’re In A Rush! We value your time greatly. We will take your loan request and process it quickly. You could have your funds in as little as 15 mins. (**) Direct Depo...
Truth: VA loans have flexible credit requirements. VA loans have more lenient credit score requirements compared to conventional loans, providing opportunities for veterans with less-than-perfect credit histories. Truth: There is no VA funding fee if you have a service-related injury. VA loans have...