by stuart.gelin@amerifund.com | Dec 25, 2022
FHA loans are mortgage loans insured by the Federal Housing Administration. They are designed for first-time homebuyers or those with low to moderate incomes who may not qualify for traditional mortgage loans. You do not have to be a first-time homebuyer to use these... 
by stuart.gelin@amerifund.com | Dec 25, 2022
VA loans are mortgage loans specifically designed for military veterans, active service members, and their eligible surviving spouses. They are backed by the Department of Veterans Affairs and offer several benefits to eligible borrowers. They offer up to 100%... 
by stuart.gelin@amerifund.com | Dec 25, 2022
A HELOC, or Home Equity Line of Credit, is a type of loan that allows you to borrow money using the equity in your home as collateral. It is similar to a credit card in that you are given a revolving line of credit that you can use as needed. You only pay interest on... 
by stuart.gelin@amerifund.com | Dec 25, 2022
Jumbo loans are mortgage loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac (the two government-sponsored enterprises that buy and securitize mortgages). These limits vary by location and are typically higher in areas with higher housing... 
by stuart.gelin@amerifund.com | Dec 25, 2022
Reverse mortgages are a type of loan that allows homeowners who are 55 years of age or older* to convert a portion of the equity in their home into cash. The loan is repaid when the borrower dies, sells the home, or permanently moves out. Reverse mortgages are...
