Blog
May
4
2022
4
2022
Initially designed to help rural America recover from the Great Depression, today’s USDA loan program boasts some of the most attractive loan terms available for those who qualify. However, it may also be one of the most overlooked by home buyers. The problem could be due to a lack of familiarity or the misconception that […]
Apr
20
2022
20
2022
Signed into law in 1944 by President Franklin D. Roosevelt, the VA home loan program was one part of the GI Bill of Rights designed to support World War II veterans as they returned home. Along with tuition reimbursement and unemployment funding, the GI Bill included this loan guaranty program. Rather than directly providing a […]
Jan
27
2022
27
2022
Many people may still believe that a 20% down payment is their only path to homeownership. It’s true that this substantial up-front cost was standard at one time, but it’s no longer a necessity. While many home prices are still on the rise, today’s home shoppers can take some comfort in knowing that a relatively […]
Nov
11
2021
11
2021
In honor of Veterans Day and all of the past and present military members who deserve our gratitude year-round, Open Mortgage thanks you for your service and sacrifice. The home loan choices available to veterans and active service members can be overwhelming. We are proud to help you navigate your mortgage options to find the […]
Apr
20
2021
20
2021
When it comes to loan qualification and making a down payment, FHA loans offer home buyers many advantages over conventional mortgages. But that doesn’t mean they’re the best option for your specific situation. In this video, our CEO and founder, Scott Gordon, helps familiarize you with the cost of taking out an FHA loan. Some […]
Apr
1
2021
1
2021
Regardless of the loan program that a homebuyer relies on, they can count on consistency in some areas. Every lender will seek a clear history of your financial habits via your credit score and other documentation. You can also expect to be asked to provide proof of a stable income. And, before they agree to […]
Jan
28
2021
28
2021
A tightening housing market can present buyers with limited options when it comes to finding the right home. Fortunately, even shoppers without the savings to fund a substantial renovation can take advantage of loan programs designed to help them create the house they always wanted. If you’re having trouble finding a property that checks all […]
Sep
29
2020
29
2020
Knowing the basics might help you choose between the FHA loan or conventional mortgage that you’re considering. In this video, our CEO and founder, Scott Gordon, covers the following topics: Picking your loan based on having a less-than-ideal credit score Looking for loan options that provide better interest rates Loan requirements like private mortgage insurance
Dec
5
2019
5
2019
Building your dream home from the ground up can be an exciting endeavor. But it also brings with it several challenges. In addition to the many construction decisions you will be facing, you’ll likely have multiple options for financing the project and the mortgage that follows. While it’s not unusual to tackle these financial requirements separately, […]
Nov
7
2019
7
2019
Veterans Association (VA) loans are among the best financing options available when it comes to homebuying — a well-deserved benefit in recognition of the service and sacrifice made by service members, veterans, and their families. Although VA loans are provided by private lenders, the VA guarantees a portion of each loan, enabling lenders to offer […]
