Government Loans

FHA loans are federally insured loans that offer very flexible underwriting criteria. Maximum loan amounts vary by county. Apply now and ask about the limits in your purchasing area.

Loan Highlights Particularly Appealing For First-Time Homebuyers:

• Low down-payment (usually 3% of the FHA appraised value or the purchase price, whichever is less)
• No maximum income/earning limitations
• FHA insures the loan, at a lower rate than standard private mortgage insurance, for an insurance fee referred to as Up-Front Mortgage Insurance (UFMIP). UFMIP can be paid in full at the loan closing or financed and added to the loan amount.
• Fixed rate and ARM loans available
• There is no prepayment penalty on FHA loans
• Easier qualification requirements
• Streamline Refinances available

VA loans are federally insured loans that are available to individuals who have served or are currently serving in the armed forces. Qualified veterans can get a loan of up to $203,000. For eligibility information, contact us.

Some of the features of VA loans are:

• No down-payment required
• Qualification guidelines are more flexible than FHA or conventional loans
• Fixed rates only
• Streamline Refinances available