You need to decide what you can afford, how long you plan to stay in the home, your financial goals and tolerance for risk. Determine what kind of a home loan you can afford by using a mortgage calculator. Then, decide what type of home loan to apply for based on how long you want to stay in the home. Our team of mortgage professionals can help you answer all of the above mentioned questions. You are your family could be living in a new home in no time.
The FHA loan program was created to help increase homeownership. The FHA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs. The Federal Housing Administration (FHA) does not make loans, It Insures loans.
The VA loan program was created to help those who have served honorably in our Armed Forces to achieve the dream of home ownership. The VA program makes buying a home easier and less expensive than other types of real estate mortgage home loan programs.
Conventional Mortgage Loans are not guaranteed by the Federal Government. These Conventional loans are offered many Mortgage Companies just as Government Loan programs, the difference is the Government guarantee.