Get into a loan with a lower cost
If you meet the qualifications, you may be eligible for a loan that requires little or no down payment. FHA (Federal Housing Administration) and VA (Veteran's Administration) loans are government-backed loan programs that offer fewer restrictions than conventional mortgages.
For first-time homebuyers and active or veteran military personnel, an FHA or VA loan can be a great mortgage solution with benefits that include:
- Low down payments (FHA offers as low as 3% of the purchase price)
- Larger mortgages to finance larger homes
- Options for seller to pay the purchase points or closing costs
- Cash gift allowed for down payment
- Availability of 15 or 30-year term
FHA loans are available as both fixed and adjustable rate mortgages. VA loans are fixed rate loans. Ask me about our fixed rate FHA or VA loan specials today. I can be reached at 763.412.3810.
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