Mobile Home Loans
Manufactured home mortgages are loans that finance the purchase or refinance of a mobile home or a manufactured home.
Manufactured home mortgages are loans that finance the purchase or refinance of a mobile home or a manufactured home.
These 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.
No-doc or low-doc home loans allow a borrower to obtain a mortgage without providing traditional income-verification documents to a lender.
Borrowers 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.
Some borrowers aren’t able to provide income documentation. In these cases, a lender may accept other proof of the borrower’s net worth.
A nonowner-occupied mortgage is a loan for a single family residence, duplex and triplex or fourplex, where the residents are renters.
Owner builder loans are made for borrowers who are building their own home.
A home rehab loan is used to rehab, renovate or remodel a residence. These loans are typically refinances with cash-out.
A rental property loan is a mortgage for a residence from which the borrower, as a landlord, intends to earn rental income.
A 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.
Lenders 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.
The federal government’s Small Business Administration (SBA) has a loan guarantee program that supports commercial lending in the US.
Self 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.
Financing for a self storage facility is a special-purpose type of commercial property loan pertaining to a facility that allows people to keep their personal belongings away from their primary residence.
A stated-income mortgage is underwritten with the borrower’s income as the primary factor, but the income is stated and not verified in order to save time and money.
This type of commercial mortgage also is known as a land acquisition loan or land development loan.
Undeveloped land is often purchased by a business-purpose borrower with the intent to develop a commercial real estate asset.
A loan to buy a vacant lot is a mortgage used to purchase or refinance either an improved or unimproved parcel of land.
Lenders offer warehouse mortgages for a variety of scenarios, such as purchase, acquisition and development, refinance, and cash-out refinance.
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