Sweet Homes

Conventional loans are a popular and widely available mortgage option that empowers individuals to achieve the dream of homeownership. Unlike government-backed loans, such as FHA or VA loans, conventional loans are not insured or guaranteed by any government entity. In this article, we will delve into the details of conventional loans, exploring their features, advantages,…

VA loans, a special mortgage program backed by the Department of Veterans Affairs (VA), offer unique benefits and opportunities for eligible veterans, active-duty service members, and their families. These loans have been instrumental in helping those who have served our country to achieve the dream of homeownership. In this article, we will explore the features,…

Traditional mortgage loans often require extensive documentation to verify income, which can pose challenges for individuals with non-traditional income sources or limited employment history. However, alternative documentation loans, commonly known as Alt-Doc loans, have emerged as a viable solution for those seeking homeownership. In this article, we will explore five types of Alt-Doc loans offered…

What is Community Program? Community programs and initiatives have been instrumental in providing opportunities for aspiring homeowners to fulfill their dreams. One such program gaining popularity is the “No-Income-Check Mortgage.” Designed to support individuals with unique financial circumstances, this innovative mortgage option offers a streamlined application process and increased accessibility. In this article, we will…

A house can be an important asset to have in your financial portfolio. However, because a house is not a bank account, that value can be hard to access when you need it most. Fortunately, there are several loan options that can help you turn that home value into cold, hard cash. These options include…

Requirements For USDA Loans USDA loans are subsidized by the U.S. government, and more specifically, are backed by the U.S. Department of Agriculture. In other words, the USDA takes on the responsibility of paying the lender back if you default on your mortgage. Since the USDA is taking on a lot of the risk, your…

What Is A Construction Loan? A construction loan is a short-term loan that covers only the costs of custom home building. This is different from a mortgage, and it’s considered specialty financing. Once the home is built, the prospective occupant must apply for a mortgage to pay for the completed home. While we don’t finance…

A bridge loan is often used in real estate transactions to provide cash flow during a transitional period, such as while moving from a current residence into a new home. Homeowners can use these short-term loans, which can help quickly put more cash in their pockets, to finance a new home or pay off an…

When buying a house, you may not realize the wide variety of loan types available to you. As soon as you start talking with your lender, you’ll quickly realize you can tap into a range of government- and non-government-backed loan options. Let’s take a look at jumbo versus conventional conforming loans, the requirements for each…

Foreign national mortgage loans are mortgage options designed for non-U.S. citizens or individuals who are not permanent residents of the United States but wish to purchase property in the country. These loans cater to the unique circumstances and financial profiles of foreign nationals. This program is ideal for Non-U.S.-citizen borrowers who want to purchase a…