VA Home Loans

Guaranteed by the U.S. Department of Veterans Affairs.

Reverse Mortgages

For homeowners to leverage the equity in their home.

Refinancing

Replace your current home loan with a new one.

Prime Jumbo and Super Jumbo Mortgages

For high-income earners who make $250,000+ a year.

Fixed-Rate Mortgages

Offers predictability for your budget.

FHA Home Loans

Popular for first-time homebuyers.

Conventional Mortgages/Conventional High Balance

A loan not guaranteed or insured by the federal government.

Self Employed Loan Programs

For 1099 recipients, P&L users or qualify using assets.

Bank Statement Programs

See how you can qualify without having to show tax returns.

Investor DSCR or Rental Income Loans

Perfect for investors who want tenant rent to cover mortgage.

Heading 6

Add paragraph text. Click “Edit Text”

Open Site Navigation

Things To Look Out For When Buying An Older Home


California home mortgage

Materials

The very first thing you should check before buying or moving into an old house is the presence of harmful building materials. Generally, houses built before 1978 are known to contain lead-based paints and asbestos. These chemicals pose a danger to both children and adults. Therefore, if you find the house to have these chemicals, you need to hire a professional to remove them before you settle in.

Foundation

The foundation of a home plays an important role in its overall stability—it’s what the entire structure sits upon. Many old houses tend to have foundation issues due to tear and wear, seismic waves, wet soil or tree root activity. In order to make the house livable, you need to hire a structural engineer to inspect and repair any damages or cracks. Experts can assess the situation and ensure the foundation is properly restored.

Roof

The roof is another common problem among old houses. If a house is very old, the roof shingles likely have depreciated and become less effective. Depending on the roof type the house has, its quality and efficacy can deteriorate based on weather, maintenance and quality of installation. Consider reaching out to professionals in your area to get an estimate on repair or replacement.

Electrical

Unlike modern homes, older ones usually have old electrical connectivity, which cannot withstand modern usage and appliances such as HVAC systems, computers and televisions, to name a few. Therefore, you need to ensure that the connection is updated before you finally move in. Among the areas to pay attention to are knob and tube wiring. These kinds of wiring were common in the early 1900s and are likely to be no longer effective.

Heading 6
Heading 6
Heading 6

About

VA Home Loans
Reverse Mortgages
Refinancing
Prime Jumbo and Super Jumbo Mortgages
Fixed-Rate Mortgages
FHA Home Loans
Conventional Mortgages/Conventional High Balance
Self Employed Loan Programs
Bank Statement Programs
Investor DSCR or Rental Income Loans

Loan Options

Heading 6
Heading 6
Heading 6

Resources