MHQ - Mortgage HeadQuarters

If you're in the market for a home, one very important factor you'll need to consider is how you're going to pay for said home. Choosing the right type of mortgage loan is one of the most important decisions you’ll make in the home-buying process. With so many different options out there, it can be hard to find an affordable home loan that meets your financial goals. That's why  MHQ - Mortgage Headquarters  is putting our 20+ years of experience to work for you to help you make an informed decision. Take a look at some of the  mortgage options  available to see what best fits your particular needs. Conventional Loan A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government and conforms to the loan limits set forth by Freddie Mac and Fannie Mae. You can get a conventional loan at a fixed or adjustable rate. Conventional loans also require a larger down payment, so those buyers tend to have a more secure financial st...

Effective on December 22, 2018, the United States government has shut down. Due to Federal regulations prohibiting most government employees from working, some government lending programs will be affected. Unfortunately, that means that there's going to be some delays in home closings in the near future. While this shutdown does have some downsides, there is also some good news to shine some light on. But first let's get the bad news out of the way. Not So Great News... USDA will not be issuing loan guarantees which means USDA loan closings will be delayed. With USDA being closed, this will cause a long term backlog on USDA closings, even after the shutdown is over. IRS Transcripts are also suspended. This means that lenders and underwriters may run into issues verifying incomes. Loans that require Tax Transcripts could see delays (self-employed Jumbo borrowers will see delays). Additionally, any file that requires Social Security Number Validations will see closing d...