Tag Archive for: homebuying

Appraised Value Can’t Exceed Highest Comps; Appraised Value ≠ Market Value; WHY WE NEED AGENTS!

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We had an appraisal come in $40,000 under contract a few weeks ago – and both the buyers and sellers were furious… solely because they did not understand appraisal guidelines.Read More

Awful Disease Severely Impacting Mortgages and Real Estate! (It’s Worse Than You Think)

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The disease is called Gell-Mann Amnesia and it is costing you far more business and goodwill than you can possibly imagine. And worse – we ALL suffer from it! I will explain why, but I want to share a little background first.Read More

FHA Vs. USDA Home Loans: Which Mortgage Is Better For Buying A Home

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As a first-time homebuyer with limited savings for a down payment, navigating the world of mortgages can be daunting. Thankfully, there are options available to help low-to-moderate income borrowers achieve […]Read More

What Are The Credit Score Requirements for A VA Loan?

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Discover how to navigate VA loan eligibility and credit score requirements with JVM Lending's guide. Learn about the unique opportunities VA loans offer to veterans and active military personnel, including no down payment and competitive interest rates. Understand the significance of your credit score, explore JVM Lending's inclusive credit criteria, and gain insights into choosing a trustworthy lender. Our comprehensive support and advice aim to empower veterans with the knowledge to secure their dream home.Read More

Requirements for FHA Loan Down Payments

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The down payment shouldn't stop your homeownership dream! FHA loans offer a powerful solution with down payment options as low as 3.5%. If you're tired of renting or worry your credit score is holding you back, an FHA loan might be the key you need. Learn the ins and outs, from understanding costs to navigating the application process.Read More

A Guide to FHA Loan Limits and Requirements in Texas

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Whether you're a first-time homebuyer in the Lone Star State or looking to refinance your current mortgage, understanding the ins and outs of FHA loans in Texas can help you make an informed decision.Read More

FHA vs Conventional Loans: Which Is Better for Tennessee Homebuyers?

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Choosing between an FHA loan Tennessee or a conventional mortgage is not a one-size-fits-all situation. It comes down to what best aligns with your unique financial status and homeownership goals. But don't worry, you're not in this alone. Professional help from an FHA approved lender like JVM Lending can break down this complex process, providing you with the confidence and understanding needed to navigate your homebuying journey.Read More

Land Contracts Explained: How to Make Them Work for You

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Refinancing from a land contract into a traditional mortgage allows buyers to take advantage of potentially lower interest rates, consistent payment structures, and legal protections offered by traditional mortgages. However, the process involves factors such as equity evaluation and borrower qualification.Read More

What Salary Do You Need To Afford A $250,000 Home?

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When it comes to buying a home, one of the first questions that arise is, "How much can I afford?" And if you've set your eyes on a $250,000 home, understanding your financial capability is crucial. Buying a home is a significant financial commitment and various factors can influence your affordability.Read More

Using a Mortgage Calculator for Buying a Home in Oregon

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If you're looking for a free mortgage calculator tailored to Oregon's housing market, look no further. Our Oregon mortgage calculator at JVM Lending is designed specifically to provide you with the most accurate estimates for your Oregon homebuying journey.Read More

1% Down Loans & Loans That Come With a “Free” $10,000 Credit

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We have two financing offers that have proven extremely popular over the last year: a 1% down loan and a program with a $5,250 credit. I have blogged about them before, but I am bringing them up again as reminders.Read More

CA’s Dream For All (Down Payment Assistance) Program Is Here For 2024, But…

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CalHFA officially announced the re-introduction of its extremely popular Dream For All Program! And … it is not quite as exciting this time around. As a quick reminder – this is probably the most generous down payment assistance program we have ever seen – and that is why the CalHFA is trying to limit it to families that truly need assistance. When the program was previously launched last year, it ran out of funds in 3 weeks.Read More

Barns, Farms, Sloping Floors, Litigation and More! Financeable? It Depends

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I refinanced a 12-acre estate in Sonoma County in CA years ago. The owner insisted it was 100% residential with no commercial interests – but, when I showed up, he had a huge sign over his barn advertising his drywall and plaster firm, he had work trucks and industrial supplies all over the lot, and he had a prominent winegrape harvesting company on site, harvesting his 8 acres of cabernet grapes.Read More

Best Bridge Loan – What’s the Catch???

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We knew JVM's EasyPath would be a popular offering, but we were caught off guard by the response we got from that blog. Several agents, however, asked us what the catch is… So, here’s the catch: The investor hopes they’ll collect $2,500 for doing pretty much nothing, and that’s their entire business plan.Read More