|
|
 |
|
 |
|
|
| |
| FHA- Loans |
| VA Loans |
| FHA-203K loan |
| USDA-Guaranteed Rural Housing Loans |
| Conventional Loan Program |
|
FHA- Loans
This loan program is desgined for first time home buyers, the programs is guarateed by FHA and only requires a 3.5% down payment and sellers can contribute up to 6% for the buyers closing costs and prepaids.
Maximum Amount: $270,500
|
 |
VA Loans
If the borrower qualifies for Veterans Loan Program- the loan is guaranteed by teh Department of Veterans Affairs, the borrower qualifies for 100% financing with approved credit.
|
|
FHA-203K loan
This program is an FHA guaranteed loan, that allows the buyer to include needed repairs in the same loan with the purchase of their home. The program requires a 3.5% down payment and seller can assist with up to 6 % of the buyers closing costs and prepais.-* with approved credit.
|
|
USDA-Guaranteed Rural Housing Loans
USDA Guaranteed Home Mortgage Loans are the most common type of USDA Loan in Texas and allow for Higher income limits and 100% financing for home purchases. USDA Guaranteed Loan Applicants may have an income of up to 115% of the meidian Household income for the area. Area income limits for this program can be view at www.rurdev.usda.gov/HSF_Guar_Income_Limits.html. All USDA Guaranteed Loans carry 30 years terms and are set at a fixed rate. *
|
|
Conventional Loan Program
|
|
|
Unless otherwise indicated, these APR calculations are based on the following: Conforming loans (whose maximum loan amount is below $424,100 for the contiguous states, District of Columbia, and Puerto Rico or below $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $417,000 with closing costs of $8,340. Jumbo Loans (whose maximum loan amount exceed $424,100 for the contiguous states, District of Columbia, and Puerto Rico or exceed $636,150 for Alaska, Guam, Hawaii and the Virgin Islands) are calculated based on a loan amount of $1,000,000 with closing costs of $20,000. Your actual APR may be different depending upon these factors.
|
|
|
|
|
|
|
|
|
|