Manual Underwriting Mortgages


As the name implies, a manual underwriting mortgage is a type of home loan that is underwritten using a manual process, as opposed to an automated standard. Many people secure mortgages using automated review systems. A typical borrower with a high credit score and income can be processed quickly with an automated review. However, people… [Read More]

What are Portfolio Loans?


Through its very name, a portfolio loan makes its function clear. Lenders who make this type of loan will keep it in their portfolio, and do not sell it. This is so they can earn the full loan interest. Some trends show that portfolio loans are usually made by a smaller bank or credit union…. [Read More]

Selling Your Home & Staging Tips to Maximize Price

row of houses

Many people have found that when they sell a home, staging a house will both reduce its time on the market and increase its price. However, simply staging a home alone will not bring you success. This is why we are here to help you understand some key tips to stage your home, and maximize… [Read More]

Five Tips for Fixing and Flipping Houses


Nickel City Funding, Inc. in Orchard Park, NY is dedicated to helping people achieve the dream of gaining wealth through the real estate market. One way many investors accomplish their goals is through fixing and flipping houses. Today, we are here to share some key tips from the experts on fix and flips. Tip 1:… [Read More]

What is the 1003 Mortgage Application Form?

Young Man Worries About Debt and Money

The Uniform Residential Loan Application (also known as the 1003 Application) is the primary tool used in the mortgage process. It is the application form required for all mortgage purchases. You can obtain Fannie Mae Form 1003 to submit your application. The form was developed to help lenders assess your worthiness as a borrower. You… [Read More]

What Are Bank Statement Loans?


With Bank Statement Loans—You Have Options Nickel City Funding Inc. in Orchard Park, NY helps local home buyers qualify for bank statement loans. This type of loan is a mortgage for people who may not have the means of proving income to qualify for a traditional home loan. For example, if you are self-employed or… [Read More]

Your Relocation Checklist


Nickel City Funding Inc. in Orchard Park, NY has helped many families find the dream of homeownership. If you are seeking to relocate to a new home, we welcome you to reach out and ask for assistance. When you are preparing to relocate to a new home, it is important to research all of the… [Read More]

What are Non-Qualified Mortgage Loans


Non-Qualified Mortgage Loans or “Non-QM” Loans are loans that do not meet the Consumer Financial Protection Bureau (CFPB) established guidelines for qualifying mortgages. Non-Qualified Mortgages may have less stringent requirements. Nickel City Funding Inc. in Orchard Park, NY cares about its customers and wants to provide education about non-qualified and qualified mortgages. Contact our offices… [Read More]

FHA Loan Frequently Asked Questions


Sponsored by the Federal Housing Administration, FHA loans are an affordable nonconventional financing option. If you are unfamiliar with FHA loans and what makes them unique when compared to other types of home financing, you’re not alone. At Nickel City Funding, we get questions all the time about FHA loans from potential homeowners who are… [Read More]

Buying vs. Renting: What’s Right for You?

house with black shutters

In an increasingly expensive world, most of us are looking for the most cost-effective ways to get by. Many people are unsure if its more economical to buy or rent a home. Unfortunately, there isn’t a blanket answer for this question. But, there are some key things to consider that can help you determine if… [Read More]