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Government Loans                    1-866-449-7263

FHA and VA loans are a good choice.
FHA and VA loans are a good choice.

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FHA VA

  Link to FHA/VA Loan Factsheet
Government loans through the FHA and VA, as well as other agencies, are available.  FHA/VA Government Loans are for purchases, refinances and property improvements

•An FHA loan allows for 3% down from the borrower, non seasoning of funds with negotiated seller paid closing costs. The FHA loan amount is specified by each county.
•VA loans allow for up to 100% financing to $203,000 nationwide.
•Title 1 is an FHA loan. The loan limit is $25,000 for property improvements.
•203 K is an FHA loan. Will allow for the purchase of 1-4 units and renovation of these units.
NEW!  FHA Loan Limits for 2001

  Key Benefits of Government Loans

[Bullet] Low and No money down options.
[Bullet] Most loans are assumable.
[Bullet] Special qualifying programs make it easier to purchase.

  FHA/VA Streamline Refinancing Article VA Loan Kit

Note: If you refinance OUT of an existing FHA loan, you may possibly receive a refund of the unused MIP premium.  This can add up to lots of money!

 

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