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.
Nonowner-occupied Loans for Residential 1-4 Units
Reading Time: 2 minutesA nonowner-occupied mortgage is a loan for a single family residence, duplex and triplex or fourplex, where the residents are renters.
No-Income Mortgages
Reading Time: 2 minutesSome borrowers aren’t able to provide income documentation. In these cases, a lender may accept other proof of the borrower’s net worth.
No-FICO and Sub-500 FICO
Reading Time: 2 minutesBorrowers with credit scores under 500 or no FICO score will not qualify for prime loan programs and will therefore have to explore non-conventional mortgages.
No-Doc Mortgages
Reading Time: 3 minutesNo-doc or low-doc home loans allow a borrower to obtain a mortgage without providing traditional income-verification documents to a lender.
Mobile/Manufactured Home Park Loans
Reading Time: 2 minutesThese communities can be large or small. While residents own the manufactured or mobile home itself, the owner of the park earns revenue by leasing the land beneath the homes.
Mobile Home Loans
Reading Time: 2 minutesManufactured home mortgages are loans that finance the purchase or refinance of a mobile home or a manufactured home.
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.
