Gift of Equity: Buy a Home From Family With Little to No Money Down A gift of equity is a transaction where a family member selling their home applies a portion of their existing equity as a credit toward the buyer's down payment and closing costs—allowing the buyer to purchase the property with [...]

Your Guide to Refinancing: What Every Homeowner in Northern California Should Know Refinancing your home can be a powerful tool for Redding and Shasta County homeowners looking to optimize their finances—whether by lowering monthly payments, accessing home equity, or paying off a loan faster. But what exactly does refinancing involve, and how can [...]

The STaR Loan Program: Helping Public Servants Achieve Homeownership At US Lending Company, we understand the significant contributions made by public servants, whether they're teaching our children, protecting our communities, or saving lives on the front lines. That's why we're proud to offer the STaR Loan Program, created to give back to the [...]

Understanding a 3-2-1 Interest Rate Buydown In challenging times with high-interest rates, buying a home might seem daunting, but there are advantages. Higher rates often mean: Less competition. Lower prices. Motivated sellers are often open to concessions. This can include negotiation over closing costs and mortgage discount points. This is where the 3-2-1 Interest [...]

What Credit Score Do You Need For A Mortgage? When it comes to qualifying for a mortgage, there are a lot of factors that lenders will look into to determine your eligibility. One of the most important factors is your credit score. Your credit score provides lenders with a somewhat broad idea of how financially [...]

Everything You Need To Know About Loan Origination Fees If you’re taking out a home mortgage to fund the purchase of a house, be prepared to pay for a number of different closing costs before the transaction can take place. Closing costs vary from lender to lender as well as from loan to loan. For [...]

Who Pays Closing Costs When It Comes To A Property Sale During the sale of a home, there are a number of fees and expenses that will need to be paid before the transaction of the property from the seller to the buyer can be made official. These fees and expenses are known as the [...]

What is a Loan Processor? Taking out a mortgage usually requires a significant loan on the part of the lender. As a result, it’s no surprise that there are so many people involved when it comes to processing a home mortgage. In addition to the loan officer--the person who convinces you to apply for a [...]

Veterans And Preparing For VA Closing Costs The VA loan program was established to help make it easier for veterans to become homeowners. They do this by eliminating the down payment, which is a large upfront cost that other types of mortgages usually require. However, even without the need to make a down payment, you [...]