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Qualified Home Loans

Homeownership

Down Payment Options for Business Owners

When purchasing a home, three main components determine your eligibility. They are income, down payment, and credit history. It gets complicated (especially for those outside the industry) because each is interrelated and interdependent. Think of guidelines more like a cobweb than a neat and linear web. This makes it particularly hard to get a straight …

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FHFA Raises Mortgage Loan Limits For 2023

Like last year, the limits are increasing again. Conforming loan limits increased from last year’s $647,200 to $726,200 for 1-unit properties. In high-limit areas like coastal California, the limit is as high as $1,089,300. You can view a map showing the conforming loan limits across the country here.  Increasing the conforming loan limit means more …

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Using a Temporary Buydown to Lower Housing Payments

Mortgage lenders are bringing back a loan program called a 2-1 buydown or temporary buydown. These programs have been around for a while but only get dusted off when rates have recently increased. The buydown is a way to lower interest rates and buyers’ mortgage payments for the short term. The seller or builder typically …

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Now Licensed in Tennessee!

Bringing homeownership to you in the State of Tennessee, QHL makes it simple by providing more ways to say yes! Learn more about Tennessee’s housing market and how QHL can help you become a homeowner today. Tennessee has seen many new residents migrating from other states around the US and is one of the fastest-growing …

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4 Ways to Document Income when Self-Employed

Obtaining a home loan while self-employed has all the same steps and qualifying metrics as any other loan. We measure credit. We measure loan-to-value. We measure income, and we measure expenses. Qualifications are either inside the box or not. There is no subjectivity. In our experience, the most common obstacle for our self-employed clients is …

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