Richard Murray
Producing Branch Manager, NMLS# 220294
210.738.2244 Office
FHA
A Federal Housing Administration (FHA) Loan is the easiest home loan to qualify for, with a low down payment and flexible loan options this may be your best loan option. Here is some information on FHA home loans:
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Typical first-time homebuyer loan
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Lower down payment
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Lower minimum cash to close
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Seller can contribute up to 6% towards your closing costs
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Debt to income thresholds are higher
CONVENTIONAL
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Can be used for residential or investment
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*3-5% down payment options available
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PMI- (private mortgage insurance) required on loans with less than *20% down
VA
VA Home loans are designed for the men and women who have served this country, if have served or are currently serving out country this is a great home loan option. Let us pull your certificate of eligibility and determine how much house you qualify for.
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No down payment
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All closing costs can be paid by the seller
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Flexible credit requirements
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No private mortgage insurance (PMI)
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Veterans can use their bonus entitlement to purchase additional homes
OTHER LOAN PRODUCTS
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USDA
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Renovation/ Rehab Loans
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Bank Statement Loan Program
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ITIN
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DSCR
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Jumbo Loans
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Construction Loans
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Refinances
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Down Payment Assistance Loans