Self Employed Mortgages
Reading Time: 2 minutesSelf employed home loans can come in a variety of flavors. It’s possible for these borrowers to qualify for a conventional or government-backed loan, but it’s increasingly common for self-employed workers to get nonqualified (non-QM) loans.
SBA 7(a) Loan
Reading Time: 2 minutesThe federal government’s Small Business Administration (SBA) has a loan guarantee program that supports commercial lending in the US.
Restaurant Loans
Reading Time: 3 minutesLenders offer mortgages for an array of restaurant scenarios, including start-ups, opening and financing a restaurant, cafés, fast-food franchises, bakeries, specialty restaurants, franchised or branded restaurants, chains and independents.
Residential Second Lien Mortgages
Reading Time: 3 minutesA second mortgage is a loan a borrower takes on a home that people live in, whether it is a primary residence, a vacation home or a rental property.
Rental Property Loans
Reading Time: 3 minutesA rental property loan is a mortgage for a residence from which the borrower, as a landlord, intends to earn rental income.
Rehab/Renovation/Remodel Loans
Reading Time: 2 minutesA home rehab loan is used to rehab, renovate or remodel a residence. These loans are typically refinances with cash-out.
Owner Builder Construction Loans
Reading Time: 3 minutesOwner builder loans are made for borrowers who are building their own home.
Bias study reveals troubling trends in mortgage fairness for minorities
Reading Time: 2 minutesAccording to a new study by bias analysis company FairPlay AI, mortgage fairness for Black Americans… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
FHFA announces conforming loan limits for 2023
Reading Time: < 1 minuteNew conforming loan limits for 2023 have been formalized by the Federal Housing Finance Agency (FHFA… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
New Case-Shiller report highlights further proof of slowing home price gains
Reading Time: 2 minutesA maelstrom of headwinds continue to dent residential homes values, as evidenced by the newest S&… Continue reading this article with a Scotsman Guide subscription Limited-time offer $4.59/week SUBSCRIBE NOW Already a subscriber? Log in
