In an ever changing housing market, lenders are beginning to focus on smaller market opportunities, which means those with niche loan products and fulfillment capabilities will stand a good chance of standing out from the pack.
On Friday April 6th, the VA replaced Chapter 7 Topic 2 (7-13) of the VA Lender’s Handbook in an attempt to provide clarification and guidance.
We see these changes as a major upgrade to the existing program that will provide greater lender participation, simplify the existing guidelines, and increase consumers access to renovation financing.
Successful selling of CTP lending products will be based on your expertise in construction lending, and your ability to effectively communicate the features and benefits of Construction-to-Permanent loans to consumers and builders. Read on to learn how!
There is a huge market of borrowers looking for construction loans - and if you are an experienced banker, credit union, or mortgage lender who has never offered a construction product, or focused only on renovation loans, it might be time to consider setting up a construction loan program.
Struggling to keep up with the sheer volume of loan information you have to manage? Here are 15 Ways Land Gorilla’s construction loan software will help.
Here's why mortgage bankers need to offer consumer construction-to-permanent financing options to their borrowers (Number 3 is our favorite.) Read on!