Seller Carryback Financing is when the seller of a property acts as a lender and finances a portion of the buyer’s purchase price. This can be particularly useful for buyers who may be short on cash for their down payment or closing costs.
A Home Equity Line of Credit (HELOC) is a revolving line of credit that allows homeowners to borrow against the equity in their homes. The equity is the difference between the home's current market value and the outstanding balance of any loans secured by the property.
Bridge loans provide an effortless solution for those looking to purchase a new home without the hassle of selling their current one first. With a bridge loan, you can finance your new home upfront, giving you the flexibility and confidence to make strong offers in today's competitive market.
As a real estate investor, you can dodge high rates and high points of private loans, lengthy approval processes, and stringent lending criteria with a debt service coverage ratio loan.
If your income or credit history falls outside the strict guidelines set by traditional mortgage loan programs, a non-QM loan may be worth considering.
An asset-based mortgage produces an ‘income stream’ from your assets by depleting them over the mortgage term. It’s how you qualify despite not having a traditional income.
An escrow holdback is an act of collecting additional funds at closing that will be refunded after required repairs have been made to the purchased property.
Individual Tax Identification Number (ITIN) loans are for borrowers who do not have Social Security numbers. Borrowers with ITIN cards can qualify for a mortgage if they meet the eligibility requirements.
Are you self-employed and struggling to secure a mortgage because traditional lenders require extensive documentation? At Van Patten Mortgage Group, we specialize in solutions tailored for business owners like you.
Disclosure: The content provided within this website is presented for information purposes only. This is not a commitment to lend or extend credit. Information and/or dates are subject to change without notice. All loans are subject to credit approval. Other restrictions may apply. Mortgage loans may be arranged through third party providers.
