Government loan programs

FHA loans

FHA loan programs are particularly beneficial to those buyers with less available cash. The rates on FHA loans are generally market rates, while down payment requirements are lower than conventional loans.

Some of the other benefits of FHA financing:

• Only a 3 percent down payment is required.
• Seller paid closing is allowed  
• More flexible underwriting criteria than conventional loans

VA Loans

For those who have served in our Armed Forces.  Thank you!  The Veteran's Administration offers a loan to Veterans that allows no money down. 

Other benefits of a VA loan include:

• Closing costs are comparable and sometimes lower - than other financing types.
• No monthly private mortgage insurance requirement.
• Right to prepay loan without penalties

Counseling and assistance available to veteran borrowers having financial difficulty or facing default on their loan.

Although mortgage insurance is not required, the VA charges a funding fee to issue a guarantee to a lender against borrower default on a mortgage. The fee may be paid in cash by the buyer or seller, or it may be financed in the loan amount.

A VA loan can be used to buy a home, or refinance a home.  

I have extensive knowledge in VA financing.  If you need assistance obtaining your Certificate of Eligibilty or have questions regarding the VA loan, Please give me a call.