18 Mar 2025 Modern Lending Guide to the HOPER Program The HOPER Program is bridging the gap between rental poverty and homeownership with new initiatives that bring down payments while offering affordable mortgage options. The HOPER (Home Ownership, Promotion, Education, and Research) Program is an FHA-backed initiative to help future homeowners by offering incentives to use toward down payments, closing costs, and other costs associated […] Share on Facebook Share on Twitter
13 Mar 2025 Guide to Buying Your First Rental Property Interested in buying a rental property? At Modern Lending, we understand the fears that come with investing in real estate which is why we hope to provide our customers with our first rental property guide. Whether you have done it before or are a beginner, here are some investment property financing tips that will help […] Share on Facebook Share on Twitter
7 Jan 2025 Modern Lending Helps Non-Traditional Buyers Secure... Everyone’s financial story is different, and with a wide variety of ways to make money in the modern era comes the barrier of antiquated measurement systems. While credit, income reporting, and other loan criteria serve the needs of the 9-5 office worker, those seeking homeownership who don’t fall into this specific category face issues when […] Share on Facebook Share on Twitter
1 Nov 2024 What Are VA IRRRL Loans In 1980, the Veterans’ Disability Compensation and Housing Benefits Amendment introduced the Interest Rate Reduction Refinance Loan Program or IRRRL to give veterans the opportunity to reduce their monthly mortgage payments, convert adjustable-rate mortgages to fixed-rate mortgages, and change loan terms. What is a VA IRRRL Loan? IRRRL loans allow Veterans Affair Borrowers to restructure […] Share on Facebook Share on Twitter
1 Oct 2024 Understanding USDA Loans for First-Time Buyers Welcome to the zero-down mortgage solution for first-time rural home buyers. The U.S. Department of Agriculture developed a housing loan program for residents seeking homeownership of rural properties. USDA loans are guaranteed by the USDA Rural Development Guaranteed Housing Loan Program and are primarily issued by partner lenders. The goal of the program is to […] Share on Facebook Share on Twitter
