By Katie Medina, Operations Manager with 15 years of mortgage industry experience Running your own business can make mortgage income calculations feel less straightforward than simply providing a pay stub. For a conventional mortgage, self-employed income is generally calculated by…
Using a VA loan again can feel confusing, especially if you still own the home financed by your first VA mortgage. Eligible veterans may use the VA loan benefit more than once, provided they have sufficient entitlement available or can…
Student loan payments can make mortgage qualification feel uncertain, especially if your loans are deferred or enrolled in an income-driven repayment plan. You can get an FHA loan with student loan debt, but the lender must include an approved monthly…
Saving for a first home can feel difficult when you are unsure how much cash you will actually need at closing. First-time home buyers in Erie County may be able to purchase with as little as 0% down through eligible…
Buying a home while running a business can feel frustrating when your tax returns do not reflect the full strength of your cash flow. Self-employed home buyers may qualify through conventional, FHA, VA, USDA, or alternative-documentation mortgage programs, depending on…
Choosing between a VA loan and a conventional loan can be difficult when both may offer a practical path to homeownership. A VA loan is a government-backed mortgage for eligible military borrowers, while a conventional loan is financed without a…
Preparing for your first mortgage preapproval can feel stressful when you are unsure which documents matter or how a lender will review your finances. Mortgage preapproval is a lender’s preliminary review of your credit, income, assets, debts, and proposed loan…
Running your own business can make mortgage paperwork feel more complicated, especially when tax returns do not reflect your current cash flow. A bank statement loan allows eligible self-employed borrowers to document qualifying income using consistent deposits shown on personal…
Financing a real estate investment can feel complicated when personal tax returns do not reflect the full strength of the property’s rental income. A DSCR loan is an investment property mortgage that primarily evaluates whether the property’s qualifying rental income…
By Katie Medina, Operations Manager with 15 years of mortgage industry experience Finding an affordable way to buy a home near Erie County can be challenging, especially when saving for a down payment is the main obstacle. A USDA loan…