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LOAN PROGRAMS: The following are the most common loan programs in today’s market. It is important to review your options with a licensed mortgage broker.
Please contact us with more specific questions about obtaining financing.
FHA Loan (Federal Housing Administration Loan)
· Non-First Time Home Buyers Accepted
· Competitive 30 Year Fixed Rate
· No Maximum Income
· No Educational Class Requirements
· Minimal Down Payment
· Seller Can Assist with Closing Costs
· Closing Costs/Down Payment can be Gifted from Family or Non-Profit
· Low Mortgage Insurance
· High Purchase Price Allowed, up to $357,000 Through 2010
Veterans Administration Loan
· 100% Financing
· Non-First Time Home Buyers Accepted
· Competitive 30 Year Fixed Rate
· No Educational Class Requirements
· Seller can assist with monies toward Closing Costs
· Can Be Used for Resale or New Build Properties
· Maximum Purchase Price $417,000
Conventional Loan
· Up to 95% Financing
· Competitive Rates
· First Time Home Buyers, Move Up Buyers, Second Homes, Investor Loan Programs
· Mortgage Insurance Waived if 20% Down
· Seller can Assist with Closing Costs
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