The downpayment for a mortgage loan is often the largest hurdle between a would-be buyer and homeownership. For this reason, many buyers receive cash gifts from relatives, using the money to jumpstart their purchase. But you may need to pay a…
The downpayment is one of the biggest hurdles to homeownership.
So big, in fact, that is keeps many would-be borrowers from getting the home they deserve. This is understandable, as even a minimal downpayment can equal thousands of dollars. For…
If you are a “Dreamer,” one of the hundreds of thousands who have benefited from the Deferred Action for Childhood Arrivals policy, you may assume that getting a home loan would be a challenge. After all, you are not an official…
Of all the ways to complete a home purchase, using FHA financing is often the most popular. These loans have convenient terms that make them available to numerous borrowers, and with affordable rates, many people can get a great deal on their…
If you are self employed, or if you work on a commission-based salary, you must understand the benefits of bank statement loans. Traditional loans require paystubs and tax returns to verify income, but many professionals work in careers that make using these…
As a first-time homebuyer, you have a lot to consider.
There are new terms, new information, and important concepts to learn. In many cases, the confusion is compounded by “advice” from friends, family, real estate agents, lenders, and more; advice…
If you are looking for a jumbo loan with a low down payment, you may find a lot of options. But not all jumbo loans are built the same.
Our minimum-down-payment loans have many features that make them extremely…
No-income investment property loans are a wonderful tool for numerous investors across the country. They allow investors under specific circumstances to qualify for loans with greater efficiency and convenience, and allow people to enhance their portfolio, even if they already own multiple…
Generating all the funds you need for mortgage down payments and reserve requirements can be difficult. Equaling thousands of dollars, and in some cases tens of thousands, this can be a significant burden for many people. If you are looking at a…
Everyone knows about down payments for purchasing a home, but many don’t understand, or have never heard of, reserve requirements.
Every time a lender or bank makes a loan, they assume a certain degree of risk, and the industry has…
Jumbo loans often require a large down payment, sometimes as high as 20% just to qualify for the financing. Unfortunately, this creates a massive hurdle for many would-be buyers, but San Diego Purchase Loans can help. By offering jumbo loans with low…