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PURCHASE







We team up with your Professional Real Estate Agent, to help you obtain a mortgage loan that suits your needs.

Purchase Programs

What Is a Federal Housing Administration (FHA) Loan?
A Federal Housing Administration (FHA) loan is a home mortgage that is insured by the government and issued by a bank or other lender that is approved by the agency. FHA loans require a lower minimum down payment than many conventional loans, and applicants may have lower credit scores than is usually required. The FHA loan is designed to help low- to moderate-income families attain homeownership. They are particularly popular with first-time homebuyers.

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FHA

  • Minimum Fico 550
  • W-2s and Paystubs Only OK
  • Primary Borrower with 1 FICO OK
  • Non FICO Co-Borrowers OK
  • 1-4 Units, Manufactured Homes
  • Self Employed Borrowers OK
  • Fixed 30, 25 and 15 years
  • Down Payment Assistance, 2nd Loan 10 year, Min Credit Score 600


What Is a Conventional Mortgage or Loan?
A conventional mortgage is a homebuyer's loan made through a private lender. Compared to a Federal Housing Administration (FHA) loan, a conventional loan often offers a higher interest rate. It can also require a higher credit score to qualify. Conventional loans are not offered or secured by a government entity. Instead, these mortgages are available through private lenders, such as banks, credit unions, and mortgage companies. However, some conventional mortgages can be guaranteed by the two government-sponsored enterprises (GSEs): the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corp. (Freddie Mac).

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Conventional


What Is a VA Loan?
A VA loan is a mortgage offered through a U.S. Department of Veterans Affairs program.
VA loans are available to active and veteran service personnel and their surviving spouses, and are backed by the federal government but issued through private lenders.

VA loans have generous terms, such as no down payment, no mortgage insurance, and no prepayment penalties.

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VA




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Home Loans... is what WE DO!