mortgage loans: A Mortgage Loan Designed For Veterans
- 02/11/11 01:26 AM
VA Mortgage The VA Mortgage is designed to offer long-term financing to American veterans, VA Mortgage loans are issued by federally qualified lenders and are guaranteed by the U.S. Veterans Administration. The VA determines eligibility and issues a certificate to qualifying applicants to submit to their mortgage lender of choice. It is generally easier to qualify for a VA loan than conventional loans. Here are the basics of the program: 100% financing without private mortgage insurance or 20% second mortgage. A VA funding fee of 0 to 3.3% (this fee may be financed) of the loan amount is paid to the VA. … (1 comments)
mortgage loans: What Is an FHA Mortgage Loan?
- 02/09/11 01:59 AM
FHA Mortgage Loans FHA mortgage loans within Connecticut are issued by federally qualified lenders and insured by the U.S. Federal Housing Authority, a division of the U.S. Department of Housing and Urban Development. FHA Loans are a smart choice for consumers with less than a 20% down payment or equity in their property due to the way the FHA Mortgage Insurance is Structured the payment will generally be lower than that of a Conventional Mortgage. Over the past few years with the changes in the mortgage industry the majority of loans being written in Connecticut are FHA Mortgages. Using an FHA … (1 comments)
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Carolyn Dionne
Connecticut Mortgages: FHA, VA, 203K, USDA & More!
VA Mortgage
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