What loan program is right for you? Well it depends... Are you purchasing for the first time? Are you selling another property? Are you refinancing? Are you looking to just get a lower payment on your current home? are you looking to get money out of the equity of your property?
These are all important question and just the beginning when it come to what makes sense for you and particular situation.
It's true, the rate is important. But if you are put into the wrong loan program, that lower rate can actually cost you more money in the long run. Make sure you are getting all the facts!
FHA Loans Facilitate Home Ownership
The Federal Housing Administration (FHA) program first began in 1934 in an effort to encourage home ownership despite the difficult economic …
VA - Refinance to a lower rate or Purchase with 0% down
What you should know about your VA eligibility:
- You can get into a new home with 0% down payment
- Maximum loan to value on refinancing …
Conforming / Conventional / Open Access
Conforming / Conventional:
- To purchase you have at least a 20% down payment
- To refinance you must have 80% loan to value
- Minimum credit …
15-Year Fixed Rate Loans
A 15-Year Fixed Rate loan works well for borrowers who are nearing retirement and want to be debt-free when they get there. Because payments …
USDA Program Makes "Rural" Homes More Accessible
One of the biggest difficulties many first-time home buyers face is a lack of down payment and the necessary funds for closing costs. However, …
Higher, Non-Jumbo Loan Amounts Extended
Another extension is now officially in place on the higher loan limits for mortgages in the tier that lies just below what is considered a "…