Frequently Asked Questions

First Time Home Buyers Loans

What are the eligibility requirements for first-time homebuyer loans?

Eligibility typically includes being a first-time homebuyer, meeting certain income and credit score requirements, and purchasing a property that meets specific criteria. Some programs may offer lower down payments and assistance with closing costs for qualifying individuals.s

Foreign National Loans

Can foreign nationals obtain a mortgage loan in our country?

Yes, foreign nationals can apply for loans, but they may face different requirements, such as a higher down payment, proof of income, and a valid visa or residency status. Interest rates and terms may vary compared to those for citizens.

Construction Loans

How do construction loans differ from standard home loans?

Construction loans are short-term loans used to finance the building of a home. They typically have higher interest rates and require detailed construction plans and timelines. Funds are disbursed in stages as construction progresses, rather than in a lump sum.

Investor Loans (Non-QM)

What makes investor loans (non-QM) different from traditional mortgages?

Non-QM loans for investors often have more flexible qualification criteria than traditional mortgages, such as not requiring proof of income or employment. They may have higher interest rates and are designed for investors who may not qualify for conventional loans.

Commercial Loans

What are the key factors considered in commercial loan applications?

Commercial loans are evaluated based on the business’s financial health, credit history, the value of the property being financed, and the potential for income generation. Terms and rates vary widely based on these factors and the type of commercial property involved.