VA/FHA/USDA Government Loans
VA Loans
If you've served our country, you've earned our respect, and your Veteran's Administration loan benefit. We're proud to be a licensed VA lender and to be able to offer VA loans as part of our portfolio. Their unique benefits for the homeowner include:
- 0% down payment options
- No monthly mortgage insurance, regardless of down payment percentage
- VA loan interest rates are less credit score driven than conventional products... so if your credit isn't perfect, that's OK
- The VA charges an upfront funding fee, but it can be financed into the loan, or possibly even waived based on your eligibility
FHA Loans
Federal Housing Administration mortgages are a great path to home-ownership, as the FHA insures the loan, allowing more flexible loan options than a conventional mortgage. These include:
- Down payment options as low as 3.5% down
- Easier credit qualification
- Strong interest rates
The downside to an FHA loan? The FHA charges an Upfront Mortgage Insurance Premium, as well as monthly mortgage insurance premiums. So, if you have a significant down payment/strong credit score, you may feel better with your conventional loan options.
USDA Guaranteed Rural Housing Loans
If you live in a rural area, you may qualify for a Guaranteed Rural Housing loan issued by the USDA to help borrowers buying in rural areas with low to moderate incomes obtain financing that they normally wouldn't qualify for. USDA loans:
- Allow for 0% money down. No down payment required
- Easy credit qualification
