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Freddie Mac does not restrict a property based on it’s current zoning, HOWEVER, the Underwriter must determine that the subject property does conform to the local authority’s zoning requirements. Meaning it must be either legal, or legal non-conforming and that the property is being utilized for it’s best and highest use. EXAMPLE: Property is zoned …

If the intimidating cost of a down payment makes a home purchase seem out of reach, a 1% Down Payment mortgage might help you achieve your goals. Whether you are a first-time buyer or have plenty of experience in the real estate market, MortgageDepot’s licensed and trained loan professionals will open your eyes to this …

At MortgageDepot, we understand that not everyone holds a nine-to-five job. Nontraditional employment shouldn’t keep you from your real estate goals! If you are self-employed, paid seasonally or you receive another type of irregular income, our Bank Statement program might be the answer to your mortgage approval challenges. What Is Our Bank Statement Program? Most …

Financing a large real estate purchase is intimidating, but we make it possible. At MortgageDepot, we take your goals seriously. If you have your sights set on a high-value property in Pennsylvania, we will help you explore Jumbo Loans. What Is a Jumbo Loan? A Jumbo Loan is a loan for more money than the …

If you want to buy a fixer-upper and transform it into something great, a renovation loan might be your answer. Renovation loans allow buyers to finance their next home purchase and the needed repairs at the same time. MortgageDepot’s loan professionals are experts in all renovation loans in Pennsylvania, and they will connect you with …

A home equity line of credit, also known as a HELOC, gives homeowners the financial flexibility they need to tackle large expenses. If you have equity in your home, MortgageDepot can help you explore HELOCs to determine if these programs will help you reach your financial goals. What Is a Home Equity Line of Credit? …

If you want to reap the benefits of paying cash for a home but can’t afford the up-front investment, a delayed financing program could solve your dilemma. At MortgageDepot, our loan officers possess in-depth knowledge of delayed financing programs in Pennsylvania. We will gladly explain the details of this opportunity, determine your eligibility and put …

Your home is likely the most valuable asset you have as you enter your senior years. Unfortunately, it’s a part of your financial story that you can’t access unless you sell your home or borrow against the equity. This poses a problem for baby boomers on a fixed income who need a boost in their …

You’ve worked hard as a hero to our country, and it’s time to settle into civilian life. For many veterans, this means purchasing a house to call home. At MortgageDepot, we have access to a variety of VA loan options in Pennsylvania. With our help, you might be able to finance up to 100% of …

FHA stands for Federal Housing Association and is a division of the Department of Housing and Urban Development (HUD). The FHA provides mortgage insurance to approved lenders, allowing these lenders to offer home loans with low down payments reduced closing costs to borrowers who might not qualify for other mortgage programs. FHA loans have been …