In this blog, we will be covering and discussing lender approval with 500 FICO on FHA and VA loans. We have seen every credit profile from a perfect 850 credit score all the way down to credit scores in the 400s. How to get up to 600 and over if your credit score is low…
Homebuyers with prior credit issues and lower credit scores can qualify for VA loans with bad credit. A borrower’s credit score is what determines whether they can even qualify for a mortgage loan. In this blog, we will focus our topic on VA loans with bad credit. VA home loan with bad credit are the…
Many borrowers often ask the question of factors that determine mortgage rates. Not every borrower will get the same mortgage rates on government and conventional loans. Rates are based on the risk level of borrowers. Prior bankruptcy and/or foreclosure does not matter with pricing on mortgage rates. On government loans, credit scores are the main…
FHA loans in Florida are the best home mortgage loan program for first-time homebuyers with bad credit and low credit scores. HUD agency mortgage guidelines are substantially easier for homebuyers to qualify for FHA loans in Florida versus conventional loans. Florida is becoming the state with the highest number of people migrating from other states….
This Article Is On Loan Level Pricing Adjustments To Rates On Home Mortgages Mortgage rates are at historic lows. After the Central Bank lowered interest rates to zero percent, mortgage rates started to tumble like never before. 30-year fixed mortgage rates are under 3.0% while 15-year fixed rates are under 2.5% for prime borrowers. The…
Any home mortgage that is higher than the maximum conforming loan limit of $510,400 are called jumbo loans. Most high-end homebuyers will seek to qualify for a jumbo mortgage Jumbo mortgages are considered riskier loans by lenders The higher the risk a lender takes, the higher the interest rates and costs Jumbo loans have higher…
Always consult with a loan officer first before starting credit repair or hiring to do credit repair so you can qualify for a mortgage. Collection Accounts and charged-offs do not have to be paid to qualify for a home mortgage. Credit repair during the mortgage process can backfire. In most cases, credit repair does not…
In this blog, we will cover and discuss Jumbo VA loans in high-cost counties and areas of the United States. Home prices vary from city to city, county to county, and state to state. For example, most areas in California are considered high-cost counties where the homes are higher than traditional median-priced homes. HUD and…
About Us At Capital Lending Network, Inc. NMLS 1660690 empowered by NEXA LLC a mortgage company licensed in multiple states known for its no-lender overlays on government and conventional loan programs. Licensed in 48 States, 160 Wholesale Lenders, Competitive Rates Besides being able to originate FHA, VA, USDA, and Conventional loans, Capital Lending Lending, Inc….
THomebuyers need to be prepared for closing costs on home purchase transactions. On all home purchase transactions, there are down payment requirements and closing costs. The down payment on a home purchase is a fixed percentage amount. For example, FHA loans will require a 3.5% down payment on the home purchase price. Fannie Mae and/or…