USDA – Rural Development Loan
The United States Department of Agriculture (USDA) loan program offers 100% financing for homes that are designated in a Rural Area by the Department. These designated areas may be closer to a city than you think. For more information on USDA areas and income restrictions download the fact sheet below.
Loan Features
- Up to 100% financing available
- Minimum FICO 640
- Property must be located in a USDA designated area
- Income restrictions apply
- Manufactured home financing available
- Less than Perfect Credit is okay
All loans are subject to underwriter final approval, terms and conditions may apply. Subject to change without notice. Always consult an Accountant or Tax Advisor for full eligibility requirements on tax deductions.
VA Loans
100% Financing
Veterans Affairs (VA) loan program offers special home buyer benefits to Active Duty and Retired Military members. The VA loan provides 100% financing and flexible qualifying standards.
Loan Features
- No monthly private mortgage insurance
- Seller concessions up to 4% of the reasonable value of the property
- Credit scores as low as 580 FICO
- Must be a veteran, active duty or reserve member to be eligible
- up to 100% Financing Available
- Less than Perfect Credit is okay
All loans are subject to underwriter final approval, terms and conditions may apply. Subject to change without notice. Always consult an Accountant or Tax Advisor for full eligibility requirements on tax deductions.
FHA Loans
Low Down Payments
The Federal Housing Administration (FHA) loan program offers low down payment options for financing a primary residence. The flexible guidelines and lower credit requirements helps many people become new homeowners every year.
Loan Features
- Credit scores as low as 580 FICO
- Up to 96.5% Financing Available
- Manufactured home financing available
- Gift funds for down payment allowed
- Non-Traditional credit allowed
- Streamline refinance options are available if you have a current FHA loan
All loans are subject to underwriter final approval, terms and conditions may apply. Subject to change without notice. Always consult an Accountant or Tax Advisor for full eligibility requirements on tax deductions.
Conventional Loan – Fannie Mae & Freddie Mac
Length and Flexibility
Fixed Rate Conventional Mortgages offer the confidence of knowing your rate and payment will not change for the term of your loan. The Conventional program is great for anyone looking for flexibility and longer length of time in their home.
Loan Features
- Up to 95% financing for Purchase Loans
- 10, 15, 20, and 30 year terms available
- Minimum FICO 620
- Manufactured home financing available
- Mortgage Insurance required with LTV of 80% or more
- Cashout amount available up to 65%
- Maximum Loan amounts apply by location
All loans are subject to underwriter final approval, terms and conditions may apply. Subject to change without notice. Always consult an Accountant or Tax Advisor for full eligibility requirements on tax deductions.