How does a 2-1 Rate Buydown work?

During the past couple of years, the housing market has been red hot and buyers often had to pay well above the asking price to have their offer accepted. Additionally, the transaction was all on the seller’s terms. And while the housing market is still strong today, it has cooled off, giving buyers the opportunity […]

What Are Construction Loans?

If you cannot find the right home to buy, you might be thinking about how much it will cost to build a new house or renovate the one you currently call home. The process of borrowing the money to pay for this project is different from getting a mortgage to move into an existing property. […]

Homeowner’s Guide to Refinancing

We understand that refinancing is a big decision. Our licensed Mortgage Loan Originators are qualified to answer your questions as you determine if refinancing is right for you. We will walk you through each step of the refinancing process and keep you updated on the status of your loan from application to closing. Your Refinancing […]

What Every Veteran May Need to Know About the VA Home Loan!

Let us show you How a VA Home Loan May Be the Key to Your Future and Future Home If you are a veteran, an active duty service member (of any military branch), or the surviving spouse of a deceased veteran, this program was designed with you in mind. The U.S. government sought to assist […]

Are You Ready To Purchase A Home?

Buying a home is a big investment. So, when it comes to making an important decision like this, you want expert advice. We will walk you through each step of the mortgage lending process and keep you updated on the status of your loan application from pre-approval to closing. We’re committed to making your home […]

Improve Your Dream Home With A 203k Limited Loan!

203(k) loans are a great option for buying a fixer-upper and making improvements or repairs to increase the equity in your home. 203(k) loans allow you to finance the purchase of a home and the renovation costs in one loan. Ways to Improve Your Home: 203K vs HomeStyle – What’s the difference? Choosing the right […]

10 Mortgage Application Tips for Freelancers

You’ve been working as an independent contractor for years, and now, you want to buy your own home. However, if you’re a freelancer, how can you prove that you can make your mortgage payments? If you prepare accordingly, the process is relatively simple. To help you along the way, Ideal Lending has gathered resources for […]

Am I Eligible for a USDA Loan?

What Is a USDA Loan? A USDA loan is one that follows the guidelines set forth by the United States Department of Agriculture. The program is designed to help those who wish to buy and finance an owner-occupied home in rural or semi-rural areas, where conventional financing would be difficult to obtain for the very […]

Government vs. Conventional: What’s the Difference?

Government mortgages such as FHA, VA, and USDA are backed and insured by the U.S government, whereas conventional mortgages are insured by private lenders. Qualifications are more lenient for government-backed loans, and both types of mortgages can carry mortgage insurance which protects the lender in case the borrower defaults on the loan. Mortgage insurance is […]

Want to Retire in the Home of your Dreams?

Elderly couple standing in front of house

The Home Equity Conversion Mortgage (HECM) is commonly known as a “Reverse Mortgage.” HECM loans were created in the 1980’s as a government-insured loan to help homeowners 62 and older convert some of their home equity into tax-free cash*. Recent changes to the program have made it a more effective way for eligible homeowners to […]