FHA LOANS

An FHA loan is partially insured by the Federal Housing Administration (FHA), an agency created in 1934 to help borrowers and businesses recover from the Great Depression. The FHA’s insurance lessens a lender’s risk when offering loans to buyers with limited funds for a down payment and/or for imperfect credit.

  • Credit scores from 580 are allowed for fixed-rate loans
  • Both fixed-rate and adjustable-rate mortgages (ARMs) are offered
  • You may finance a single-family home, 2-4 unit property, modular home, condominium or a Planned Unit Development (PUD) property
  • Temporary buydowns may reduce your initial interest rate for 1-2 years

USDA Loans

USDA loans are designed for homebuyers in rural locations who do not qualify for a conventional loan. They feature low down payments and relaxed qualifying guidelines. Properties must be in a rural area designated by the US Department of Agriculture.

  • Available for Purchase or Refinances subject to program stipulations and applicable state income and property limits
  • Available for Eligible Homebuyers
  • Competitive Fixed Rates
  • No Cash Reserves Required 
  • Guarentee Fee can be financed
  • Closing Costs can be paid by Seller