Useful answers. Better questions.
These answers provide general mortgage education. Guidelines change, every file is different, and nothing here is a commitment to lend or personal financial advice.
The complete guide
Ten common mortgage questions.
Use these explanations as a starting point, then evaluate the exact borrower, property, and program requirements for your scenario.
01What types of mortgage loans do you work with?+
Options may include conventional, FHA, VA, USDA, jumbo, investment property, DSCR, bank-statement, Non-QM, asset-based, renovation, construction, specialty, and refinance programs. Availability and eligibility vary by borrower, property, investor guidelines, and state.
02Can a self-employed borrower qualify for a mortgage?+
Yes, self-employed borrowers may qualify through traditional income documentation or, when eligible, alternative documentation such as bank statements, a profit-and-loss statement, 1099 income, or qualifying assets. The right documentation depends on the loan program and the complete file.
03What is a DSCR loan?+
A debt service coverage ratio loan is an investment-property program that may evaluate the property's qualifying rental income against its housing obligation. Requirements, calculation methods, reserves, credit, and property standards vary by program.
04Can I finance a two-, three-, or four-family property?+
Financing may be available for owner-occupied and investment 2–4-unit properties through conventional, FHA, VA, and DSCR programs where applicable. Occupancy, projected or existing rents, reserves, and property condition can affect the available path.
05What options may be available to a first-time buyer?+
Depending on borrower, property, and eligibility requirements, options may include eligible low-down-payment conventional programs, HomeReady, Home Possible, FHA, VA, USDA, and approved affordable-housing programs. No single option is right for every buyer.
06Do you offer jumbo mortgage options?+
Jumbo fixed-rate and adjustable-rate purchase, refinance, and cash-out options may be available. Qualifying standards can differ from conforming loans, particularly for assets, reserves, property type, and income documentation.
07Can a foreign national obtain mortgage financing?+
Foreign-national purchase, investment, DSCR, and refinance options may be available to eligible borrowers. Visa or residency status, identification, assets, credit references, property use, and documentation requirements depend on the program.
08What states do you serve?+
Ardi works with borrowers in Massachusetts, New Hampshire, and Florida through MSA Mortgage, LLC. Program availability and licensing should be reconfirmed for the specific property and transaction.
09Can I refinance an investment property?+
Depending on the existing mortgage, property, goals, and eligibility, rate-and-term, cash-out, jumbo, portfolio, and DSCR refinance options may be considered. Refinancing does not benefit every borrower, so costs and the intended holding period matter.
10Can a property be financed in an LLC?+
Some investment programs may permit LLC vesting, while many residential programs have different title and occupancy requirements. Entity documents, guaranties, and the exact vesting structure must be reviewed for the selected program.
A question specific to your file?