Your Financing Options
Conventional Loans are mortgage loans that are not insured by the government (FHA, VA, USDA Loans). Instead, they meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have different terms for interest rate% and mortgage insurance. However, conventional loans are less lenient on credit and debt ratios. Conventional loans are available for as little as a down payment minimum of 3%. The amortization on a conventional can be 15, 20 or 30 years.
It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration home buyers have an easier time qualifying for a mortgage. Those who typically benefit most from an FHA loan are first-time home buyers, those who do not have perfect credit and those who have less money to put down.
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) VA helps Service Members, Veterans and eligible surviving spouses become homeowners. VA provides a home loan guaranty benefit and other housing-related programs to help buy, build, repair, retain or adapt a home for your own personal occupancy.
A construction loan is a mortgage loan designed to help you build a new home, either on land that you already own, or the land purchase can be included in the loan amount. We have multiple types of construction loans available to meet your needs: VA, FHA, and up to 95% Conventional loans as well. Contact us today for more details.
Don't see what would fit you best here?
Call us - We have many loan options to choose from and together we'll walk through the options and choose what works best for you.Call Us Now
The Green House
Serving All of Florida and Georgia