VA Loans
If you are Active Military, Reservist, National Guard or a Veteran of the Armed Forces you may be eligible for a home loam guaranteed by the Department of Veteran Affairs. Spouses of serviceman or women who were killed or are missing in action may also be eligible. The biggest advantage of VA loan is, NO down payment is required and refinancing is allowed up 120% of the homes current value. VA loans usually have very competitive interest rates and can reach well above current loan size limits in certain counties.
USDA Home Loans
For those who are looking to purchase a home in a rural area, the government has a great program to assist and qualify you. These loans are guaranteed by The United States Department of Agriculture (USDA). These UDSA backed mortgages allow for certain borrowers who meet the income and geographical restrictions to obtain a mortgage with zero down payment, that’s right 100% loan to value financing. Please contact one of the expert home loan consultants at betterloans.com to learn more about USDA home loans today.
