Federal Housing Admin (FHA)
- 3.5% Minimum Down Payment
- Monthly mortgage insurance required
- No income limitations
- Primary residences only
- Does not need to be a first-time buyer
- Buyers can own other residential property
- FHA County Loan Limits up to: $331.760
Rural Development (RD)
- 100% Financing
- Closing costs can be financed up to the appraised value
- Primary residences only
- Income Limits for:
- Family of 1-4: $86,850
- Family of 508: $114,650
- No maximum purchase price limit
- Does not need to be a first-time buyer
- Buyers cannot own any other residential property
Conventional Loan
- As low as 3% Minimum Down Payment.
- First Time Homebuyer.
- Gifts allowed for down payments and closing costs.
- Private Mortgage Insurance can be removed once the principal balance is below 78% of the appraised value of the home.
- Buyers can own other residential property.
VA Loan
- 100% Financing
- No income limitations
- Expanding qualifying ratios and flexible credit guidelines
- Maximum loan amount of $484.350
- VA Funding Fee of 2.3% or up to 3.6% based on military status (financeable)
- Does not need to be a first time buyer
Building dreams one home at a time.
