FHA / VA LOANS

There are many advantages to both FHA and VA financing. To qualify please contact us and ask for our Government loan specialists.

SOME OF THE ADVANTAGES OF FHA LOANS ARE:

• Easier to qualify because of higher qualifying ratio's
• The average down payment needed is about 3% including all costs
• Loan amounts vary from county to county from about $179,500 to $208,800
• Refinance up to 97.75% of value
• Less than perfect credit is acceptable
• Assumable fixed and adjustable loans
• Co-Borrowers allowed even if they are not occupants
• 100% gifts are allowed
• Citizenship is not required
• Two to four properties allowed
• No prepayment penalties

SOME OF THE ADVANTAGES OF VA LOANS ARE:

• No down payment required
• Easier to qualify because of higher qualifying ratios
• Seller can pay all closing costs
• Refinancing without equity
• Loans up to $203,000
• Less than perfect credit is acceptable
• No mortgage insurance
• 100% gift allowed
• Lower cost to buyer
• Two to four units allowed
• No prepayment penalties