FHA/VA

FHA Loans - First-time homebuyers can benefit from an FHA loan. FHA makes purchasing a home much easier by allowing a lower down payment as well as providing more lenient underwriting guidelines.

Here are a few of the basics:

1.    Low Down Payment

2.    Gift funds from a family member or an approved non-profit agency are an acceptable source of down payment and closing costs.

3.    Less stringent underwriting criteria

4.    Lower monthly mortgage insurance premiums

5.    Rates are comparable to a Conventional Loan

6.    Maximum loan amounts vary by state and county

Best for:

·         Homebuyers with limited savings

·         Low to moderate income homebuyers

VA Loans – Thank you for serving your country and for that we would like to do something for you in return. If you are a veteran, a VA Loan may help you secure a home with no down payment.

A few features are:

1.    Qualified veterans, reservists, active service members and their spouses may be eligible to finance up to 100% of the sales price of the home.

2.    Rates are comparable to Conventional and FHA loans.

3.    Flexible income, debt, and credit requirements

4.    You will need to provide your Certificate of Eligibility, or bring your DD 214 and we will order your Certificate for you online

If you are a first-time homebuyer, or just someone in need of a low down payment, both FHA and VA loan programs offer real advantages over Conventional Loans. Contact us today to learn more!