Mortgage Blog by HomeLander Mortgage

Construction blueprints with tools and helmet
Construction Loan

How Does a Construction Loan Work? A Step-By-Step Guide

Are you planning on building a new home or renovating an existing property? Did you know a construction loan can help you finance your project and make your dream home a reality? Construction loans offer a flexible and affordable financing option for large-scale construction projects, but they can be complex and confusing.

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USDA home loan is shown on the business
USDA Home Loans

USDA Construction Loan Requirements: How to Qualify

If you’re looking to buy or build a home in a rural area and have limited funds for a down payment, you may be interested in a USDA construction loan. Also known as One-Time Close Construction loans, these loans help low- to moderate-income families secure the funds necessary to build

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Jumbo Loans: What They Are and Who Qualifies
Mortgage Programs

Jumbo Loans: What They Are and Who Qualifies

Jumbo loans, which are also known as non-conforming loans, are mortgage loans that exceed loan limits set by government-sponsored enterprises (GSEs) such as Fannie Mae and Freddie Mac. These loans are usually obtained for properties that are too costly to be covered by a conventional conforming loan. In 2023, the

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FHA Vs. Conventional Loan: Which Is Right For You?
FHA Home Loans

FHA Vs. Conventional Loan: Which Is Right For You?

FHA loans and conventional loans are two of the most common mortgages that home-purchasers would typically obtain. Given that a home is one of the most important and largest financial purchases that a person would make in their lifetime, it is important to understand the differences between the two types

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A Step-By-Step Guide To Refinancing A Construction Loan
Construction Loan

A Step-By-Step Guide To Refinancing A Construction Loan

Refinancing a construction loan can be a smart financial move that helps you secure better terms, reduce interest rates, and improve cash flow. However, navigating the refinancing process can seem daunting. In this step-by-step guide, we’ll walk you through the essential stages of refinancing a construction loan, empowering you with

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What Makes The Best USDA Construction Loan Lender?
USDA Home Loans

What Makes The Best USDA Construction Loan Lender?

Are you planning to build your dream home in a rural area? Did you know a USDA construction loan can make your dream a reality? USDA construction loans are designed to help families build homes in eligible rural areas with little to no down payment. These loans offer unique requirements and advantages

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