Home Loan Programs
Below is a brief description of your mortgage options and ways to get the process started:
FHA Mortgage Loans
One of the housing programs created with the New Deal under President Roosevelt’s terms was the Federal Housing Administration, or FHA. To calm the risky, economic times, the FHA was formed to back lenders when borrowers defaulted on loans.
…..(read more)
Reverse Mortgage Senior Loans
Backed by the FHA, or Federal Housing Administration, reverse mortgages are a specialized loan program meaning to give older homeowners a chance to access needed equity in the property.
…..(read more)
203k Rehab Loans
The financing for this loan will include the purchase price, as well as the improvements you are either required to do to be able to live in the home, or that you want to do, such as upgrade the kitchen.
…..(read more)
VA Mortgage Loans
After serving his or her country, a veteran may apply for a VA Home Loan, which features a small down payment and low interest rate. Originally created as WWII was coming to a close, a VA Home Loan is guaranteed by the U.S. Department of Veterans Affairs (VA).
…..(read more)
USDA Mortgage Loans
The United States Department of Agriculture (USDA) Home Loans comes with a few special financing features with 100% financing, usually no down payment required.
…..(read more)
HARP Refinance Loans
President Obama’s Making Home Affordable Program (HARP) was formed to help struggling homeowners refinance their properties to remain at home without fear of foreclosure.
…..(read more)
