Down Payment: 0%
Credit Requirements: No delinquent or derogatory payments in last 12 months
Debt to Income Ratio: 41%+ (higher on a case by case)
Maximum Loan Amount: None
We have over 20 years experience in originating VA Purchase Mortgage Loans for Veterans. Dealing with professionals who take the time to fully educate you on the benefits and process of a mortgage loan for Veterans makes all the difference. We have developed a proprietary consultation and folder to provide you with to ensure that all mission critical information is covered. Don’t worry, we will educate you about the VA purchase loan and process and how your Veteran or active duty status applies.
Minimum Down Payment: 3.50%
Credit Requirements: 580 FICO
Debt to Income Ratio: 43%+ (higher on a case by case)
Maximum Loan Amount: Varies by county
FHA loans have been assisting people to achieve home ownership since 1934. The Federal Housing Administration, which is part of HUD, insures the loan, so that we as your lender can offer you the most favorable deal for your particular situation. This loan is ideal for the first time home buyer or if your credit does not meet the traditional criteria.
Minimum Down Payment: 3.00%
Credit Requirements: 620 FICO
Debt to Income Ratio: 50% (higher on a case by case)
Maximum Loan Amount: $453,100+
At Low VA Rates we can assist you in many different types of mortgage loans including a conventional loan. The main difference with the other loan types is that a conventional loan is not made by a government entity nor insured by a government entity. This loan type can work for a viety of borrowers. Guidelines can very widely. We have the experience to assist you in the event a conventional loan is the best option for your particular needs.