The Different Types of Loans , EXPLAINED
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The Different Types of Loans , EXPLAINED
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“Here’s why different lenders can offer different loan products, even when the rules sound the same. Traditional loans like FHA, VA, and conventional all follow big agency guidelines, but each lender sets their own overlays on top of those rules. So one bank might need a 700 credit score, while another’s fine with 660, even for the same exact program. Then you’ve got nontraditional or non-QM loans like bank statement loans, DSCR investor loans, or asset based programs. Those don’t come from Fann
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There are several types of loan products in the market for people looking to purchase a home or refinance an existing property. With so many choices and nuances, understanding your options can be difficult. 樂❓ We’re here to help you understand every step of the homebuying process so you can make the right decisions for your unique situation. That’s how we’re #makingmortgagesbetter. #mortgagetips #firsttimehomebuyer #loan | radius financial group inc. | Facebook
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