The FHA Loan
Finally a home loan that you can trust! FHA is a secure, government-insured loan program that has;lower rates, lower closing costs, and has lower down payment requirements!
FHA is a smart option forpeople seeking to purchase their home or refinance their existing mortgage. These days, money is tight...keep more money in your pocket by purchasing a home with an FHA loan.
Did You Know?FHA requires a small down payment of only 3.5% andthe down payment can be a gift from a family member or employer. Additionally, FHA has more lenient credit requirements than a conventional loan.
Now with the First-Time Home Buyer Tax Credit,first-time homebuyers are eligible foran $8,000 tax credit! So don't stand on the sidelines any longer, take advantage of a buyers market and buy your new home today.
For homeowners seeking to refinance out of an existing mortgage, FHA can provide you with the security of a low fixed rate loan that will never carry a pre-payment penalty. You can refinance up to 97% of thevalue of your home.
The VA Loan
A VA home loan is a great option for Veterans, surviving spouses, and Active members of the US Military that are either purchasing a new home or refinancing their existing home. In fact, one of your most valuable benefits is the VA Home Loan Guarantee Program.
Did You Know?The VA loan is the only option left that allows for a $0 down payment home mortgage. A VA home loan has NO down payment and NO monthly PMI (private mortgage Insurance) required. This is a big savings when you compare it to any other loan program.
Recently the Department of Veterans Affairs increased the Maximum Guaranty Amount for VA home loans to as much as $729,750. That's great news for our California residents!
In addition, Veterans with conventional loans or subprime loans can refinance intoa safe and affordable VA guaranteed home loan. Veterans can refinance for up to 100 percent ofthevalue of your home.
TheMaking Home Affordable Refinance Loan Program
The Making Home Affordable Program is part of the Economic Stimulus Act recently introduced by the Obama Administration. The Home Affordable Refinance Program is designed to help homeowners that are current on their mortgage but have been unable to refinance due to a decrease in their home's property value.
This program was created to help millions of homeowners to refinance their mortgages into low fixed rate loans with affordable payments.
To qualify for The Home Affordable Refinance Program your loan must be owned or guaranteed by Fannie Mae or Freddie Mac.
Yes, youmay qualify for an FHA, VA, orHome Affordable Refinance loan!
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