FHA/VA or Out-of-State* Loans

It allows people to buy homes with as little as 3.5% down and usually with lower interest rates than conventional loans.
 

• Easier credit qualifications
   
• Very limited credit history is allowed
   
• 3.5% down payment
   
• Down payment can come from family or a grant from a state or local government down payment assistance program
   
• Good option for first-time homebuyers
   
• Non-occupying co-borrower can be used for qualifying provided they are an eligible family member
   
• Assumable

It’s a low-interest loan for U.S. military members (active duty & veterans) and their families. There is no down payment or mortgage insurance required.

 

• No mortgage insurance
   
• No down payment
   
• Up to 4% seller concessions allowed
   
• Significantly lower fees to borrower
   
• Relaxed credit requirements
   
• Lower interest rates
   
• Allows for higher DTIs
   
• Best product on market for LTV’s over 80%