VA, or veteran affairs, loans are backed by the government and can appeal to buyers looking to purchase a home with little to no down payment. Suppose you’re currently in the military, an eligible veteran, or a qualifying spouse of a service member. In that case, you should look into applying for a VA loan […]

If you’re eligible for a VA loan through your military service, you likely have an advantage over traditional loan programs. VA loans typically don’t have any limitations, which is a huge bonus, especially if you don’t have a lot of savings for a down payment. In this article, we’ll explain the limits of VA loans […]

Add loans to the seemingly never-ending list of things affected by inflation. This year, most mortgages will have an increased loan limit to more closely match the modern-day housing market. At Modern Lending, we are accepting the new loan limits for conventional loans starting now. The updated loan limits for FHA and VA loans will […]

Are you looking to buy your first home? Congratulations! This can be an exciting, but confusing process, let’s dive into the difference between alternative types of loans to help you secure the loan that best fits your needs.  What is an FHA Loan? An FHA loan, or a Federal Housing Administration loan, is a mortgage […]

FHA loans can enable people to buy a house when they may have not qualified for a mortgage otherwise. Offering minimum down payments of only 3.5%, highly competitive interest rates, and forgiving credit requirements, FHA loans are a great option for people who are looking to purchase a home but might not check all of […]