FHA FIXED AND ADJUSTABLE RATE MORTGAGE
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
FHA 203(K) MORTGAGE
The Section 203(k) program is FHA's primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization, as well as to expand homeownership opportunities.
This loan product serves home buyers who may have low-to moderate income and limited cash for a down payment, requiring as little as 3% down, and is accessible to borrowers with credit scores as low as 620.
The USDA guarantees certain types of mortgages. To qualify, the home must be the borrower’s principal residence and must be located within a USDA-eligible area. The USDA website contains interactive maps with which you can pinpoint an address or take a wider view of a region.
FREDDIEMAC HOME POSSIBLE
Home Possible® mortgages offer low down payments for low- to moderate-income homebuyers or buyers in high-cost or underserved communities.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans benefits, including low interest rates and no down payment requirement. This program was designed to help military veterans realize the American dream of home ownership.
Manufactured home loans
Manufactured homes (previously referred to as mobile homes or trailers) are factory-built properties that are an affordable housing option for millions of Americans across the country. We offer home financing for double-wide manufactured homes build on non-removable chassis which are insured through FHA.