Whether you're a first-time buyer or have purchased a home before, our VA & FHA Home Loans offer many benefits to help you purchase the home of your dreams. FHA guidelines provide for lower down payments and more flexible guidelines, helping home buyers who may not qualify for a conventional mortgage loan.
FHA Home Purchase Loan Benefits :
• Down payments as low as 3.5%
• Allowed 2 years after bankruptcy
• Allowed 3 years after foreclosure
• Less than perfect credit
• 1 year self employment is okay
• Tax credit up to $8000 for first-time home buyers
• Federally insured
• Fixed monthly payments
• FHA loans are assumable
• Seller paid closing costs up to %
VA Home Purchase Loan Benefits
• Down payments as low as 0%
• Allowed 2 years after bankruptcy
• Allowed 3 years after foreclosure
• Less than perfect credit
• 1 year self employment is okay
• Tax credit up to $8000 for first-time home buyers
• Federally insured
• Fixed monthly payments
• VA loans are assumable
• Seller paid closing costs up to 3%
VA & FHA Streamline Refinances
Lower your monthly mortgage payment and decrease your interest rate by taking advantage of VA or FHA streamline refinance. Refinance terms for current VA & FHA loans allow for higher Loan to Values (LTV’s) up to as much as 97.75% on FHA and 100% on VA. As long as you have made all of you’re mortgage payments on time, VA & FHA will allow for other credit issues. Our low document VA & FHA streamline refinance allows for an easy loan process and quick closings. To find out if you qualify, contact your VA & FHA mortgage specialist at 877-886-5626 x 112.
• Current home financing is insured by VA & FHA
• Must have been in home at least six months
• Must have made all mortgage payments on time
• Other credit issues like collections or judgments are ok
• No appraisal options are available
You may also refinance your existing conventional mortgage into an FHA loan as long your Loan to Value (LTV) does not exceed 96.5%. This is a great opportunity if you have lost equity in your home, ran into some credit issues, or just want to take advantage of FHA loan benefits.
If you would like to know exactly what rate you qualify for, Apply Online, and we will give you an accurate assessment of what you qualify for.
If you have any questions, just click Contact Us and you will be contacted within 24 hours.
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