Questions on an FHA loan

Does an FHA loan allow funds for closing and down payment coming from refinancing a vehicle and putting equity in the home purchase. Do I have to document everything to get this done?

How much loan can I get with a 50k down?

I have no idea about buying a house. What do I need to do to get a loan? I am self employed and part owner of a building company. My credit scores are good and have set aside $50k for a down payment. Ho...

Are no income verification loans any good?

Are no income verification loans still a thing? When all other factors are positive, how much more would the rate be? I live in New York and I plan on buying my first studio apartment.

Any tax implications on a gift?

I'm closing a loan at 5% down. A friend wants me to gift me with a large amount towards the principal of the loan after the mortgage is secured. Are there any tax implications? Is there a better way to ...

Is Rocket Mortgage any good?

First time homebuyer and I want to ask if Rocket Mortgage is any good? Are there programs available that can assist with a down payment? Friends say that a local lender is better and can close faster. I...

800 credit score. Will have 40k to put down. I have been working for 1 y...

in ohio want to try to get rid of reverse mortgage of about 45,000

Are there loan products for gig workers out there?

I lost my job during the pandemic and I have been freelancing for the past year. I want to buy my first condo but I don’t have updated tax returns nor W2s. What are my options? Are there loan products...

Buying a new home and having my condo rented out

I bought a condo 3 years ago at $250k and currently owe around $150k. I can pay $50k towards the principal in the next 2 months and I want to buy a new home and have the condo rented out. Friends have s...

my son closed on the oct2022 and never miss a payment Now summit fundin...

Should I get pre-approved?

I'm buying in a hot market here in Michigan and the homes are selling pretty fast once they are placed on sale. I've lost out on a few offers and I was wondering if I should get pre-approval to give me ...

Are my calculations correct?

If my monthly payments are $827 a month and I want to pay off the loan faster, will paying $827 more towards the principal allowed me to pay off the loan in 10 years? The principal is $120k balance at $...

Do I need to put down 20%?

Is it really hard to get a mortgage for a second property? I’ve been trying to sell my current home but there are no takers so keeping it as a rental and buying a new home to live in is my next option...

Should I get a bridge loan?

I’m selling my primary home and looking to buy a new one. What is the best loan for my situation? My lender offered a bridge loan so that I would be able to purchase a new home and move in at once. Iâ...

Looking for lender with higher DTI requirement

My grandma passed and her home is being offered to me. I have a credit score of 580 and make around $90k a year. I get rejected when I apply for a loan since my DTI is high, are there lenders who offer ...