Blog

The short answer is yes! Foreign nationals can obtain mortgage financing in the United States with a thin or no U.S. credit history. If you are a non-U.S. citizen with no credit history in the United States, it may appear as though you will be unable to obtain financing for your property as a U.S...

The question of if a non-citizen of the United States can purchase a property in the U.S. has become a more pressing one as of late. In reality, yes, foreign nationals can purchase a property in the United States. Non-U.S. citizens, both U.S. residents and non-resident, can buy and own real estate i...

If you’re thinking about buying a home, it’s never too early to determine what mortgage option is right for your situation. At Premium Mortgage Corporation, we have several different loan options to choose from, but today we’re going to focus on two popular conventional loans: the fix rate and the a...

You’ve sifted through dozens (if not hundreds) of online “for sale” photos, toured multiple homes, and tried to envision yourself in each one. Finally, you’ve found the one you want to call home, and you’re ready to put an offer on it. This is a huge step! While you’re going to want to submit yo...

If you’re a homebuyer, the appraisal is one of the most important milestones in the entire mortgage process. A home appraisal is defined as a fair and impartial estimate of how much a home is worth, and is generally required in order to close on your home. Needless to say, a lot hinges on the ap...

Our $2,000 Neighborhood Vitality Credit Aims to Help Grow Homeownership in Underserved Areas Achieving the dream of homeownership matters to our neighbors and neighborhoods. It helps create a foundation for families, unifies our communities, and empowers those looking to put down or keep root...

The home buying process can be intimidating, and it’s common to be unsure of what the process can entail. After all, so much goes into your decision to make a home purchase. We understand that, which is why we are here to guide you through each step, keeping you informed at every turn! With o...

Overlooked Benefit in the New COVID Relief Bill If You Have Children and Make Less than $150,000: On Wednesday, March 10, President Joe Biden’s $1.9 Trillion American Rescue Plan was House approved with a new approach on child tax credits for families. The new bill will increase the tax credi...

How Does it Work? An FHA Loan is backed by the Federal Housing Administration and nearly 1 in 5 homebuyers have an FHA Loan for their home. This loan was originally created to assist first time home-buyers however, it can be used by anyone eligible. It’s a great low down-payment alternative to di...

This morning, details of a new scam were brought to our attention. It was sophisticated and believable. Fortunately, the borrower trusted her instincts and called us directly. The borrower, who hasn’t even closed on her loan yet, had someone call her posing as our Post Closing Concierge and was o...