FHA LOANS:
- Available to All United States Citizens
- Insured by the United States Government
- Designed to Allow Low Down Payment (3.5% the Purchase Price) or 100% Financing in some cases
- Property must be Owner-Immediate Family Occupied.
Note:
- Maximum Loan Amount up to $271,050
- Available in 15, 20, 25 & 30 Year Terms.
- Seller is Allowed to Pay Up to 6% of Sales Price for Buyer’s Closing Costs.
- Special Low-Fixed Interest Rates.
- Can Not Have An Outstanding FHA Loan on Other Property.
- Can Pay 15% Down Payment & Get Non-Owner Occupied/Investor Loan.
- Can Own Other Real Estate.
- Veterans Realty Specializes in FHA Loans!!
CONVENTIONAL LOANS:
- Designed For Anyone and Everyone.
- Most Require a 5%, 10%, 15%, 20% or more Down Payment.
- Available in 15, 20, 25 & 30 Year Terms.
- The Amount of Closing Costs the Seller is Allowed to pay fluctuates with the Type of Conventional Loan.
- Some Offer 100% Financing with No Money Down Payment-Must Be Owner Occupied!
- Loan Underwriting is more liberal than Government Type Loans.
- Property Does Not Have to Be Owner-Occupied in Most Cases.
- These type Loans can be Custom Designed for Most Buyers.
- Veterans Realty Specializes in all Types Conventional Loans!!
Contact Veterans Realty for more information.