no: 9 Benefits of the VA Mortgage
- 01/17/12 08:11 AM
One of the greatest benefits to being a Veteran is the VA Mortgage. Whether you are buying a home or refinancing that home, you can not beat a VA Loan. Here are 9 benefits to them:
1. 0% Down Payment- When you purchase a home with your VA loan benefits you can purchase it with No Down Payment. Unlike a FHA loan or Conventional, that do require a down payment of at least 3.5% or more 2. No Monthly Mortgage Insurance- VA Loans do not require monthly mortgage insurance. Giving you a great low payment. 3. Fess the Seller … (2 comments)
no: How can I get a Home Financed with No Oven? Here is how
- 10/18/11 07:54 AM
Many times when purchasing a foreclosure, the home will be missing some items. Some things are required for a mortgage lender to lend on the property. Or give you a mortgage. One of these items is the oven. A home must have an oven to get financed. But what do you do if the home doesn’t have one and the seller won’t install one? Your answer is the Escrow Holdback, and here is how to structure the escrow holdback in regards to the oven:
1. Seller- When negotiating the contract you can ask the seller to do an escrow holdback. … (4 comments)
no: USDA Loans. 0% Down Payment!!!!!!
- 03/24/11 07:02 AM
USDA Loans are mortgages for Homes that are found in Rural areas. If you are thinking of buying a home in a rural area you can not beat this loan option. Here are the highlights for: You will not need a down payment. That's right 0%!!! FHA loans require a down payment of 3.5% and a conventional can require 5% or more. And the seller can pay all or some of your closing costs. This would allow you to get in the home with the least amount of money possible. You will not have any monthly mortgage insurance. This will give … (2 comments)
no: FHA loans with no credit score In Texas. Min 20% down payment
- 03/14/11 10:31 AM
We have just announced that we now allow FHA loans with no credit score. This means clients with no credit score(or one score) are allow to get a FHA mortgage with a 20% down payment. They could also refinance their home with a max loan of 80% of their home's value. Here are the requirements: 20% down payment No credit score or one credit score Min 5 months of Mortgage payment in reserves If Self Employed, must be for 3 years. No Gift Funds, all funds must be the borrowers Interest Rate and fees maybe more then a normal FHA loan the … (0 comments)
One of the greatest benefits to being a Veteran is the VA Mortgage. Whether you are buying a home or refinancing that home, you can not beat a VA Loan. Here are 9 benefits to them:
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