Daily Mortgage Rates LIVE with The Mortgage Calculator

Portfolio (blanket) loans are mortgage products that allow real estate investors or property developers to finance multiple properties under a single loan. These loans are designed for borrowers looking to acquire or refinance multiple properties simultaneously. With portfolio loans, borrowers can consolidate their properties into one loan, simplifying the financing process and potentially reducin...

1099 mortgage loans are specialized mortgage programs designed for self-employed individuals who receive income on a 1099 form rather than a W-2. These loans cater to borrowers who have difficulty meeting the income documentation requirements of traditional mortgage loans. Lenders offering 1099 mortgage loans typically consider the borrower's bank statements, profit and loss statements, and o...

Non-qm (non-qualified mortgage) profit & loss mortgage loan programs are designed for self-employed borrowers who may have difficulty qualifying for traditional mortgage loans due to fluctuating income or irregular tax returns. Check out new mortgage rates from all our partners LIVE as rate sheets are issued every morning! Hosted by Nick Hiersche - President & Founder of The Mortgage Calcu...

Foreign national loans are mortgage loans specifically designed for individuals who are not citizens or permanent residents of the country where the loan is being sought. These loans are tailored to meet the unique needs of non-U.S. residents or non-resident aliens and often take into consideration factors such as visa status, employment history, creditworthiness, and down payment requirements. Fo...

An ITIN loan refers to a type of loan that is specifically designed for individuals who do not have a Social Security number but possess an Individual Taxpayer Identification Number (ITIN). An ITIN is issued by the Internal Revenue Service (IRS) to individuals who are required to have a taxpayer identification number for tax purposes but are not eligible for a Social Security number. ITIN loans ar...

A 5-8 unit DSCR (Debt Service Coverage Ratio) loan is a specialized mortgage product designed for investors looking to finance residential properties with five to eight units. These loans focus on the property's ability to generate sufficient rental income to cover the mortgage payments and expenses, as evaluated by the debt service coverage ratio. Lenders assess the property's cash flow...

A limited review condo loan is a streamlined mortgage option available for qualifying condominiums, offering borrowers a simplified approval process with competitive terms. These loans are designed for condominium projects that meet specific eligibility criteria, providing an efficient and convenient financing solution for purchasing a condo property. Check out new mortgage rates from all our part...

A short-term rental property loan is a financing option specifically designed for individuals or investors interested in purchasing properties to be used as vacation rentals or short-term rentals. These loans are tailored to accommodate the unique characteristics and income potential of such properties. Short-term rental property loans typically have higher interest rates and may require a larger...

A 2-4 unit property investment loan is a type of mortgage designed for individuals or investors looking to purchase residential properties with two to four units. These loans are specifically tailored for borrowers who want to generate rental income by renting out the additional units in the property. Compared to traditional home loans, 2-4 unit property investment loans may have slightly higher i...

Foreign national loans are mortgage loans specifically designed for non-U.S. citizens or individuals without permanent residency in the United States who are looking to purchase property in the country. These loans cater to the unique circumstances of foreign nationals, allowing them to invest in U.S. real estate. Lenders offering foreign national loans typically consider factors such as the borro...

SBA (Small Business Administration) mortgage loans are financing options provided by the U.S. Small Business Administration to support small businesses in acquiring commercial real estate. These loans offer favorable terms and lower down payment requirements compared to traditional commercial mortgages. SBA mortgage loans provide a government guarantee to lenders, mitigating the risk and encouragi...

9+ unit DSCR (Debt Service Coverage Ratio) loans are a type of commercial mortgage specifically designed for multifamily properties with nine or more units. These loans assess the property's income potential and the ability of the rental income to cover the loan's monthly payments. This type of loan is favored by real estate investors looking to finance larger multifamily properties, as...

Prime jumbo loans are mortgage loans that exceed the conforming loan limits set by government-sponsored enterprises such as Fannie Mae and Freddie Mac. These loans are typically offered to borrowers with excellent credit scores and high income levels. Prime jumbo loans allow borrowers to finance expensive properties or borrow larger sums of money while still benefiting from competitive interest ra...

A second mortgage, often referred to as a home equity loan or HELOAN (Home Equity Line of Credit), is a financial tool that allows homeowners to access the equity built up in their property. With a second mortgage, borrowers can borrow against the appraised value of their home, minus the outstanding balance on their primary mortgage. This type of loan provides homeowners with a lump sum or a line...

Down payment assistance loans are financial resources specifically designed to help homebuyers cover a portion or the entire down payment required to purchase a property. These loans aim to assist individuals who may have difficulty saving up for a down payment, especially first-time homebuyers. Down payment assistance loans are typically provided by government agencies, nonprofit organizations, o...

Self-employed borrower loans are specialized financing options tailored to individuals who work for themselves and generate income through their own business or freelance work. These loans accommodate the unique financial circumstances of self-employed individuals, who may have fluctuating income or non-traditional documentation. Lenders typically consider factors such as tax returns, bank stateme...

Renovation loans for primary and second homes are specialized financing options that provide homeowners with the funds to renovate or improve their properties. These loans are specifically designed to cover the costs associated with remodeling, repairs, or upgrades. Whether it's a primary residence or a second home, homeowners can use renovation loans to finance projects such as kitchen and b...

A one-time construction loan is a type of financing that is used to fund the construction of a new residential or commercial property. Unlike traditional mortgages, which are designed for the purchase of existing homes, one-time construction loans are specifically tailored to cover the costs associated with building a property from the ground up. These loans provide borrowers with the necessary fu...

A fix and flip loan is a type of short-term financing that is specifically designed for real estate investors who aim to purchase distressed properties, renovate them, and then sell them quickly for a profit. This loan provides investors with the necessary funds to acquire the property, cover renovation costs, and carry out any necessary repairs or upgrades. The loan is typically repaid through th...

4-unit property loans are a type of financing designed for individuals or investors who are looking to purchase a building that contains up to four separate units, such as a duplex or a fourplex. These loans are considered a type of commercial real estate loan, and they can be used to finance both the purchase and renovation of the property. Lenders may require a larger down payment or higher inte...

1099 loans are a type of financing designed for individuals who are self-employed or work as independent contractors. These types of loans are also known as "stated income" or "no-doc" loans, as they do not require the borrower to provide extensive documentation of their income or employment history. Instead, lenders may rely on the borrower's tax returns or bank statement...

Manufactured home loans are a type of financing that allows individuals to purchase a mobile or manufactured home. These types of homes are constructed off-site and then transported to the homeowner's desired location. Manufactured home loans are similar to traditional home loans, but they may have different requirements and terms. Lenders may require a larger down payment or higher interest...

Asset utilization loans are a type of loan that allows businesses to access financing based on the value of their existing assets, such as equipment, inventory, or accounts receivable. Unlike traditional loans that are based on a borrower's creditworthiness and income, asset utilization loans rely on the value of the collateral to secure the loan. This type of loan is useful for businesses th...

An ITIN loan is a type of loan designed for individuals who do not have a Social Security number but have an Individual Taxpayer Identification Number (ITIN). This type of loan can be used to finance various expenses, such as purchasing a car, funding education, or starting a business. Individuals who would benefit from an ITIN loan include non-resident aliens, foreign nationals, and undocumented...

Foreign national loans are a type of mortgage that are available to non-U.S. citizens who want to purchase property in the United States. These loans are designed to help foreign nationals invest in U.S. real estate, whether for personal or business reasons. Typically, foreign national loans have higher interest rates and require larger down payments than traditional mortgages. This is because len...