Lenders aren't required to give you a mortgage just because you're pre-approved. Lenders may deny you if your financial situation or market conditions have changed.

USDA loans are mortgages backed or funded by the U.S. Department of Agriculture. Also called USDA rural development loans or rural housing loans, USDA home loans feature low or no down payments ...

How long your pre-approval letter lasts will depend on your lender, but in most cases, a pre-approval letter expires within 60 to 90 days. The expiration date is usually listed on the letter.

Lenders assess your loan application based on two main things: your financial profile and your ability to repay the borrowed ...

After they receive their loan approval letter, some folks run out and buy furniture for their new digs, taking on new debt in the process. Other buyers might purchase a new automobile on credit.

To qualify for an FHA loan, applicants must have a minimum credit score of 580 (or 500 with a 10% down payment), no recent bankruptcy or foreclosure, a debt-to-income ratio below 43%, residency in ...

The loan approval process can be a haunting experience, full of gremlins and “gotchas” that can jump out to derail your financing without warning. Applying for a loan? Here are a few scary ...

Loan options for using your home equity to buy an investment property. There are a few ways to borrow from your home equity. How you borrow from your home equity could determine how you receive ...