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How to stay competitive with specialty mortgage products heading into 2023

Housing Wire

HousingWire: Should originators focus on any specialty mortgage products such as home equity lines of credit or non-QM? Both HELOCs and non-QM loans are made to order for today’s mortgage market. If they want to grow with a new product set, such as non-QM loans, they’ll have to educate themselves and their customers about the loans.

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Choosing the Right Lender

PennyMac

There’s a lot to consider when it comes to choosing the right one — everything from interest rates, loan types and fees to service and experience. How to Find a Mortgage Lender There are several types of lenders you can look to for securing your home loan, with the most popular being direct lenders and mortgage brokers. Direct lenders.

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Financing Options for First-Time Homeowners

Eppraisal

However, the cost is often intimidating, especially for those who haven’t yet learned their options. Here’s what you need to qualify for a loan, plus the rundown on five financing choices. Here’s what you need to qualify for a loan, plus the rundown on five financing choices.

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5 Financial Steps to Take Before Purchasing Your First Home

Lamacchia Realty

Click below to learn more about them. FHA Loan: 3.5% down payment minimum. VA Loan: No down payment is required Conventional Loan (with PMI): 3% minimum Jumbo Loan: 10% down 2. If you have a good credit score, you’re likely to be able to obtain the home loan you need.

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On Q Financial Offers More Opportunities for First Time and Veteran Buyers

On Q Financial

If you’ve recently considered an FHA or VA loan, you may want to revisit our requirements. We at On Q Financial are proud to announce we are making our mortgages even more accessible by reducing our FICO credit score requirements to 530! Don’t let previous home loan denials hold you back. What are FHA and VA Loans?

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VA Loans for Buying a Home

Quicken Loans

What is a VA loan, how does it work, and are you eligible to obtain one? That’s because a VA loan is a type of home mortgage loan that offers preferred terms to borrowers who have served and currently serve our nation. A VA loan is available to veterans and active duty service members, and offered through the U.S.

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A Guide To 3% Down Conventional Loans

Quicken Loans

If you don’t have a large down payment, attractive loan options include 3% down conventional loans. These loans are for most borrowers – you don’t have to be in a specific income category or region. Here’s everything you must know about these low down payment loans. How Does The Conventional 97 Loan Program Work?