va loans tagged posts

No Down Payment Home Loan Programs – Tampa Bay 0 Down Home Loans

No Down Payment Home Loan Programs

There are a couple no down payment loan programs available. Not everyone will qualify but they are definitely worth looking into. Both are government programs and if you have limited money for a down payment and you fit the criteria, these can be excellent choices for you to get into a brand new or pre-owned home.

USDA Home Loans

USDA Loan Features:

Rural Development Loans offer benefits that are not available in any other loan programs.

No Money Down: The borrower can finance up to 100% of the appraised value of the home with zero down out-of-pocket.

No Mortgage Insurance Payments: This can significantly lower the monthly housing payment.

Flexible Credit Requirements: Potential borrowers with less-than-perfect credit can still qualify for a loan.

Here is...

Read More

Finding the Best Mortgage Program – Dave Overholser

Finding the Best Mortgage Program
Unlike in the past, today’s homebuyers have a variety of mortgage programs from which they can select the best program for their particular circumstances.  Lenders are barraging the media with promises of competitive interest rates, specials on second-mortgage programs, down-payment assistance, no closing costs and a variety of other special features.  The problem that consumers face is not a lack of information, but rather quite the opposite.  The media blitz by mortgage lenders often confuses even the most financially savvy homebuyer.

Tampa Bay Mortgage infoFirst-time borrowers are at risk of being swayed by promises of up-front savings and thereby selecting loan programs that do not meet with their future goals.

Any good realtor will advise you to become an educated con...

Read More