The Legends Mortgage Team
More perspective. More possibility.
The right conversation starts with the goal. Explore the questions that matter before choosing a financing path.
A familiar path, with room to compare.
Compare down payment, mortgage insurance, loan term and total closing costs. A conventional loan is not insured by FHA or guaranteed by VA; the lender still reviews both the borrower and the property.
FHA loansStart with the full picture.
FHA insures eligible mortgages made by approved lenders. Discuss down payment sources, mortgage insurance, property condition and the complete payment with your loan officer. FHA insurance does not replace lender approval.
VA home loansYour service. Your next chapter.
Explore your VA home loan benefit with a human who can review the details. Start with service eligibility and a Certificate of Eligibility, then discuss occupancy, entitlement, closing costs and lender requirements. A COE is not a loan approval.
USDA loansA closer look beyond the city.
USDA housing programs have property-location and household requirements. A rural-looking address is not proof of eligibility. Have the specific property and current program rules checked before building a purchase plan around USDA financing.
Jumbo loansBigger plans deserve careful structure.
Larger loans can involve different reserve, documentation and property requirements. Discuss the full structure, including liquidity after closing, before comparing price alone. Applicable loan limits and lender rules must be checked for the transaction.
RefinancingMake the next decision with context.
A refinance replaces an existing mortgage. Compare costs, time in the home, remaining term and the reason for the change. A lower payment can result from extending repayment; it does not necessarily mean a lower total cost.
DSCR investor loansUnderstand the property behind the numbers.
Some business-purpose rental-property programs assess debt service using property cash flow. Rental documentation, expenses, reserves, entity structure and lender requirements still matter. DSCR does not mean automatic approval or nationwide availability.
Renovation investmentPlan the work and the financing together.
Discuss acquisition, renovation budget, contractor scope, draw timing and the planned exit. Business-purpose renovation financing varies by property, project and lender; a projected sale is not guaranteed.
Construction financingFrom a plan to a place to live.
Land, builder approval, construction budgets, inspections and the transition to permanent financing deserve early attention. Ask how contingencies and timing are handled before signing a construction contract.
FHA renovationConsider the house and the work it needs.
FHA rehabilitation programs can connect an eligible purchase or refinance with eligible improvements. Scope, contractor documentation, property requirements and completion rules need review before selecting this path.
HomeReadyAsk which first-home options fit the facts.
HomeReady is a Fannie Mae mortgage option with program-specific requirements. Review current income, education, occupancy and lender rules with your loan officer. A program name alone cannot establish eligibility.
Home PossibleBuild a well-informed starting point.
Home Possible is a Freddie Mac mortgage option with program-specific requirements. Ask about current income, education and occupancy rules, and compare the full cost alongside other options.
ITIN financing questionsUnderstand the documentation before you begin.
Ask a loan officer to review identification, tax documentation, property use and the requirements of an available lender program. Holding an ITIN does not itself establish mortgage eligibility or immigration advice.
Self-employed financingYour work deserves a complete picture.
Alternative documentation programs may evaluate self-employed income differently from a traditional wage-earner file. Business history, deposits, expenses, reserves and the property still require review. Do not send bank statements through website chat.
Home equity optionsExplore what using your equity means.
Compare a home equity line, a home equity loan and other alternatives carefully. Discuss repayment changes, costs, lien position and the risk of borrowing against your home. Available structures depend on the lender and the property.
Investment property equityKeep the property strategy in view.
Borrowing against an investment property can change cash flow and risk. Review existing debt, reserves, use of proceeds and repayment terms. Business-purpose availability requires transaction-specific review.