VA – Must be VA eligible (will need copy of DD214 and original certificate of eligibility) Minimum credit score allowed is 620, 100% financing (no down payment requirement) guaranteed by government, no mortgage insurance required, no prepayment penalty.
FHA – requires minimum 3.5% down, minimum credit score is 640, guaranteed by government, requires upfront mortgage insurance which can be financed, and monthly mortgage insurance, no prepayment penalty
RD – 100% financing, no down payment required, minimum credit score is 640, required upfront mortgage insurance which can be financed, requires monthly mortgage insurance, guaranteed by government, property must be RD eligible, borrowers must meet income requirements. Feel free to e-mail one of our loan specialists for more details on the product @ firstname.lastname@example.org
Conventional – requires minimum 5% down, minimum credit score is 620, not guaranteed by government, requires PMI on loan to values over 80%, no prepayment penalty
Applying online is as easy as 1-2-3. You can apply now in as little as 20 minutes.