Land Gorilla Blog
Who Should Manage Post-Close Draw Administration on Construction Loans?
Many loan officers are tasked with managing the post-close draw process on every construction loan they originate. This isn’t best practice. So who should manage draws? We explain in this blog.
USDA Single Family Housing Guaranteed Loan Programs (SFHGLP) Construction to Perm
The Rural Housing Service published a final rule to the USDA Single Close Pilot Program; effective August 22, 2019. This blog contains an overview of some of the changes.
HELOC v Renovation Loans: What Every Lender Needs To Know
There are many paths homeowners could take to pay for their renovations, but which is best for the borrower and which is best for you, the lender? Take a deep dive into HELOCs and renovation loans in this blog.
Change is Coming to Address Affordable Housing
Land Gorilla’s CEO responds to the current state of the housing industry, specifically housing affordability and regulation.
HousingWire Insiders: A year later
Join us for an interview with HousingWire Insider Shannon Faries. “A major benefit technology provides is risk mitigation and increased profitability for lenders. However, lenders won’t invest in new technology if they don’t feel confident offering construction loan programs in the first place.” Originally posted in HousingWire June 2019.
The New Freddie Mac CHOICERenovation Loan Offering
Freddie Mac has officially announced their new renovation loan product, CHOICERenovation. This new program brings Freddie Mac into the renovation lending space and positions itself as an alternative to the Fannie Mae Homestyle Renovation program. See this post for details on the offering and comparison with Fannie Mae Homestyle.
