Getting Approved for A Home Loan The Easy Way

Qualifying for a home loan then getting it is not enough; getting approved for the right home loan and then getting it without headaches is.  Browse this site to get the best loan you can get.

Conventional Loans

Qualify for a Mortgage With Bank Statements Only

Qualify For A Home Loan With Bank Statements Only

Qualifying for a home loan with bank statements only is an option available only to people whose income is not from wages. The income on business taxes is not always a good reflection of how well a business (freelancer, contractor) is doing.
Non-Warrantable Condo Financing

Non-Warrantable Condo Financing

Non-warrantable condos is not an oxymoron. Read this article to find how to go about getting your non-warrantable condo financed.

Asset-Based Lending For Residential Real Estate

Asset-based lending for real estate is a good option for some. Read this article to find out if it is for you and how to get it, if it is.

FHA Loans

FHA Loan For Mixed-Use Property Owners

FHA Loan For Mixed-Use Property Owners: Pitfalls

Googling 'FHA loan for mixed-use property'? Read this article to find out how to go about getting one while avoiding the headaches most people get.
FHA Loan With Renovation Costs

FHA Loan With Renovation Costs: 5 Facts That Can Sink Your Loan

In this article I will cover 5 restrictions of the FHA loan with renovation costs program you don't usually hear about though they can create big headaches.

FHA Loan Facts: 8 Facts That Will Help You Get A Better Mortgage

Some facts are helpful, some are not.  The FHA loan facts covered here are of the first type. I’m a...

Non-QM Loans

Qualify for a Mortgage With Bank Statements Only

Qualify For A Home Loan With Bank Statements Only

Qualifying for a home loan with bank statements only is an option available only to people whose income is not from wages. The income on business taxes is not always a good reflection of how well a business (freelancer, contractor) is doing.
Non-Warrantable Condo Financing

Non-Warrantable Condo Financing

Non-warrantable condos is not an oxymoron. Read this article to find how to go about getting your non-warrantable condo financed.

Investment Loans

FHA Loan With Renovation Costs

FHA Loan With Renovation Costs: 5 Facts That Can Sink Your Loan

In this article I will cover 5 restrictions of the FHA loan with renovation costs program you don't usually hear about though they can create big headaches.

USDA Investment Loans Exist, Sort Of

Can you get a USDA investment loan? Yes, if you define investment narrowly. Read this article to know the details.

JUMBO LOANS

jumbo mortgages

Jumbo Loans and the Corona Virus

The Corona Virus pandemic has hit the mortgage world.  In the middle of March, a number of lenders, ...
US Flag

No More Loan Limits For VA Loans

As of now, VA loans have the same limits as conforming (Fannie Mae and Freddie Mac) loans. But t...

Refinancing

find the lowest mortgage refinance rates and you'll laugh all the way to the bank

Find the Lowest Mortgage Refinance Rates – 7 Things You Must Do

Here are 7 things you can do to help you find the lowest refinance mortgage interest rates available.
Mortgage Refinancing

When Should You Refinance Your Mortgage?

You want to get out some of the equity in your home or you want to lower your mortgage payments; s...

Qualifying For A Mortgage

Would I Qualify for a Home Loan? 5 Questions That Give You the Answer

Would I qualify for a home loan is a reasonable question with an easy-to0find answer. If you know how to go about it. Here are the 5 questions you need to answer to know.
First-Time Home Buyer's Daughter? Girl kneeling and hugging a white dog on the side walk.

The Best Mortgage Loan You Can Get Might Ruin Your Joy Of Home Ownership

This article is meant especially for first-time home buyers chasing the best mortgage loan. It will explain how lenders qualify people for a mortgage loan and show that for many the amount they qualify for is too high for them.

USDA LOANS

USDA Loans: Home Requirements Image of young woman next to a bale

USDA Home Loan House Requirements – A Complete List

USDA home loan house requirements are common-sense based. The goal is to put a family into a safe and structurally sound house. Here are the requirements:

USDA Investment Loans Exist, Sort Of

Can you get a USDA investment loan? Yes, if you define investment narrowly. Read this article to know the details.

VA LOANS

US Flag

No More Loan Limits For VA Loans

As of now, VA loans have the same limits as conforming (Fannie Mae and Freddie Mac) loans. But that's go...

FORECLOSURES

Buying A Foreclosed Home With FHA Loan Money

Buying A Foreclosed Home With FHA Loan Money

Wondering if you can buy a foreclosed home with FHA loan money? The short answer is: it depends. Read this article to find out on what.
Getting Financing For a Foreclosed Home

Getting Financing For A Foreclosed Home

Getting financing for a foreclosed home is a bit tougher than getting it for a home that has not been foreclosed on. But not that much harder. This article covers your options.

Getting approved for a home loan starts with understanding what type of loan you need. As you may have noticed above, there are quite a few option. They all are good, just not for all borrowers.

Then you need to find yourself a mortgage specialist.  You could start with Googling ‘Chicago mortgage specialist‘ or ‘Duluth mortgage specialist’ but it does not count as good shopping for a mortgage source unless you get yourself a few quotes at about the same time.

Why a few?

Because you’re looking for the best home loan you can get and not all lenders and brokers were created equal and you want the one that has the best program for you.

Why at about the same time?

Because mortgage rates change, sometimes more than once a day… Daily changes tend not to be large, but sometimes they are. A few weeks ago, I saw a case where, at 10AM, the borrower could have gotten a rate of 4.000% had he had his loan originator had all the documents needed to lock the rate.  But they did not.  They got them after 3PM the same day.  By then, the best rate they could quote this very same borrower was 4.750%.

Government Loans


VA loans are great for people who are serving or have served in the military, or their spouses. They have no loan limits and allow for no-down-payments. They are not always the best option. And they are never an option for investment loans (unless borrowers live in one unit for the prescribed time, then convert the property into an investment property).

FHA loans are great for people who have low down payments, employment or credit issues. They have the same limitation for investment properties as the VA.

USDA loans are meant for people who earn below the average income for their area and live in rural / suburban areas. And they are meant for owner-occupied properties only but the property can be converted into an investment one later.

Non-Government Loans


Conventional loans come in many forms, there is a loan for all types of properties, owner-occupied, second homes, or investments.

There are renovation mortgage programs and construction mortgage programs. (Most people use the term conventional mortgages for loans that Fannie Mae or Freddie Mac would purchase. These loans are the conforming conventional loans. Anything that these two entities doe not like is called non-conforming conventional.

Non-conforming loans tend to have higher interest rates than the conforming ones, however, they are great loans for certain situations.

Knowing Your Loan Types Is Key

Getting approved for a home loan is different based on the different loan types, though there is a lot of overlap. Knowing what loan type is best for you will take you a long way towards getting approved for a home loan without headaches. So, browse this site and see what your options are.