There are many types of home loans from which to choose. The best type of loan for you will depend on your situation and goals.
FHA
Why Choose FHA Loans?
There are several reasons that FHA loans might be a good choice:
One of the easiest loans to qualify for
Great for first-time home buyers
Require down payments of only 3.5%
Generally allowed for borrowers with lower credit scores
You may pay your down payment with money you receive as a gift
VA
Why Choose a VA Home Loan?
There are several reasons that VA loans might be a good choice:
Reduced fees
Better access to loans for vets
Access to larger loans amounts than are available through Fannie Mae/Freddy Mac
100 Percent financing available
Eligibility can be reused/renewed
Available even after a foreclosure or bankruptcy
NO MI Requirements monthly
Conventional
Many Conventional Loans to Fit Your Needs
There is a wide range of Conventional loans from which to choose, depending on your unique situation and goals:
Fifteen- and thirty-year fixed rate mortgage
Adjustable rate mortgages (ARM)
Hybrid ARM (3/1 ARM, 5/1 ARM, 7/1 ARM)
Annual ARM
