Articles | Mortgages & Other Useful Information
At FK Capital Fund, we sincerely believe that the loan process should be educational for all parties involved. Considering that, we want to provide abundant resources, including the below mortgage articles, in order for the process to be as efficient and painless as possible.
The prompting to document and memorialize our underwriting philosophy stemmed from a post-closing site visit of a construction project that we recently funded. The project was a partially completed ultra high-end spec home in Los Angeles, California. As we walked through the property, the pride on the […]
Obtaining a mortgage with less than par credit can be relatively simple as long as the prospective borrower has the right expectations. To qualify for a prime or A-Paper loan, a minimum credit score of 580 (for FHA) and 620 (for Conventional) is required. […]
There are four common entities who purchase loans from or guarantee loans for banks. These include the Federal Housing Authority or FHA, the Veterans Administration or VA, Fannie Mae, and Freddie Mac. Each of these entities have specific waiting period guidelines that are important to know when considering […]