Industry Watch: Rocket adds manufactured home loans, new branches for Geneva and CMG, and more
Reading Time: < 1 minuteGeneva Financial announced the opening of a new branch in Anchorage, Alaska, the newest state t… Please subscribe or login with your subscription email to continue reading Subscribe Username or E-mail Password Remember Me Forgot Password
Jumbo Loans
Reading Time: 2 minutesJumbo mortgage loans are loans with amounts that exceed the maximum amount that Fannie Mae and Freddie Mac will buy. There are different loan thresholds for VA jumbo loans, as well as FHA and USDA.
Investment Property Loans
Reading Time: 3 minutesInvestment property loans are used for the purchase of non-primary residences with the intent of earning a return on the investment.
Hotel and Motel Loans
Reading Time: 2 minutesA hotel or motel loan is a type of commercial mortgage that liens a specific classification of hospitality property.
Golf Course Loans
Reading Time: 2 minutesA commercial golf course loan is a mortgage that finances a golf course. Golf courses are categorized as a type of entertainment/recreational property under the commercial umbrella.
Gas Station Loans
Reading Time: 2 minutesGas stations are a type of retail property that resides under the larger umbrella of commercial properties. Lenders offer gas station loans for purchase, refinance and refinance with cash-out.
Foreign National and ITIN Mortgages
Reading Time: < 1 minuteITIN and DACA recipients are able to obtain a variety of nonqualified mortgages through private lenders that will either service the loans in their own portfolio or sell them on the secondary market.
Fix and Flip Loans
Reading Time: 2 minutesThe term “fix and flip loans” refers to financing given to a buyer renovating a distressed residence with the purpose of selling it.
October jobs report surprises again, but signs of weakening creep in
Reading Time: 2 minutesEven with the labor market slowing, nonfarm job growth beat expectations in October, according to th… Please subscribe or login with your subscription email to continue reading Subscribe
First Lien HELOC
Reading Time: < 1 minuteA HELOC can be a first-lien loan if the property owner uses it to pay off an existing mortgage or if they already own the home outright.
