An FHA mortgage is a home loan insured by the Federal Housing Administration. FHA loans are backed by the government and designed to help borrowers of more modest means and less than great credit, purchase a home.
VA loans are mortgages backed by the Department of Veterans Affairs and are available to military service members and veterans or their surviving spouses. VA Loans offer lower rates and down payments than a conventional loan.
No down payment required
No mortgage insurance required
Allows the seller to pay towards closing costs
Can use gift funds for down payment and/or closing costs
Non-traditional mortgage products allow you to qualify using better representations of your reliability as a borrower as opposed to traditional forms of income documentation. Such representations may include bank statements or your liquid assets. See your loan officer for additional details specific to your unique situation.
As a professional mortgage broker, we find, negotiate, and process the best mortgage loan on your behalf. This offers you the best opportunity to obtain the loan product and the interest rate that best suits your needs.