What is the Minimum Down Payment for an FHA Loan?

What is the Minimum Down Payment for an FHA Loan?

If you’re looking to get an FHA loan, you might be wondering just how much of a down payment you’ll need to make. Here’s a rundown of the minimum down payment requirements for FHA loans. Checkout this video: The Minimum Down Payment The Federal Housing Administration offers a mortgage insurance program that helps low- to…

What is a 7a Loan?

What is a 7a Loan?

A 7a small business loan is a loan backed by the Small Business Administration (SBA). The SBA is a federal government agency that promotes small business growth by providing assistance through loans . Checkout this video: What is a 7a Loan? A 7a loan is a type of financing that is provided by the Small…

What is APR on a Home Loan?

What is APR on a Home Loan?

If you’re shopping for a home loan, you’ve probably seen the term APR, or annual percentage rate, thrown around. Checkout this video: APR Basics What is APR? APR is the acronym for Annual Percentage Rate. It is a single rate that includes both the interest rate and certain additional fees, such as discount points, private…

What is a Construction Permanent Loan?

What is a Construction Permanent Loan?

A construction permanent loan is a single loan that provides funds to purchase land, build on the property, and function as a long-term mortgage after the home is built. Construction permanent loans are also known as “all-in-one” or “single close” loans. Checkout this video: What is a construction permanent loan? Construction permanent loans, also called…

What is a CMBS Loan?

What is a CMBS Loan?

A CMBS loan is a commercial mortgage-backed security loan. These loans are typically used by investors to purchase or finance commercial real estate properties. Checkout this video: Introduction Commercial Mortgage-Backed Securities (CMBS) loans are loans that are securitized and sold to investors in the form of bonds. They are typically used to finance commercial real…