first time home buyer: What’s the Difference Between an FHA and a USDA Mortgage
- 07/31/11 07:11 AM
What’s the Difference Between an FHA and a USDA Mortgage The vast majority of first time home buyers purchase their first home with using either an FHA or a USDA home loan for their financing. These two options offer some great advantages as well as some negatives. Let’s take a look at the differences.
Hopefully after watching that video you have a bit better understanding of the difference between an FHA and a USDA home loan. FHA Loans FHA loans are by far the most popular of all loan options for first time home owners. The unique combination of low … (0 comments)
first time home buyer: Zero Down Mortgage? Yes, With The USDA Home Loan
- 04/15/11 11:17 AM
Zero Down Mortgage? Yes, With The USDA Home Loan As a loan originator, I get lots of questions from home buyers and Realtors about 100% financing. After the recent home mortgage meltdown crisis, nearly all 100% financing options went bye-bye. USDA, however, did not! In fact, with the USDA home loan you can actually borrow 103.5% to cover the one-time 3.5% reservation fee. Maybe the best part of all is that even though you are putting no money down, unlike an FHA loan, with a USDA home loan at 100% financing there is currently NO PMI (private mortgage insurance). Here's a quick video I did with … (0 comments)
What’s the Difference Between an FHA and a USDA Mortgage The vast majority of first time home buyers purchase their first home with using either an FHA or a USDA home loan for their financing. These two options offer some great advantages as well as some negatives. Let’s take a look at the differences.
;)
;)
