For qualified veterans and active-duty service members of the armed forces, along with certain members of the National Guard and reserves, the VA guarantees mortgages with no down-payment. Private mortgage lending company like All Western Mortgage also offers VA loans that are guaranteed by The Department. http://www.awmlending.com/loans-VA.php
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All Western Mortgage
Buying a home has become relatively easier nowadays than it was a couple of decades back and potential buyers with little money for down payment can now also buy their dream house. The Federal Housing Administration insures home mortgage loans with low down-payments, whereas The Department of Veteran Affairs (VA) and Department of Agriculture (USDA) facilitate home loans with no down-payments.
1) VA Mortgage (No down-payment)
2) USDA Mortgage (No down-payment)
3) Private Mortgage Insurance (Low Down Payment)
4) Federal Housing Administration Insurance (Low down-payment)
For qualified veterans and active-duty service members of the armed forces, along with certain members of the National Guard and reserves, the VA guarantees mortgages with no down-payment. Private mortgage lending company like All Western Mortgage also offers VA loans that are guaranteed by The Department.
The USDA’s Rural Development Mortgage Guarantee Program is extremely popular and isn’t just confined to the farmlands. The maps on USDA’s website highlight the eligible areas for this type of mortgage and there are also restrictions on household income in order to qualify for this loan. This program is intended only for the first time buyers, however there are some exceptions.
If you are a qualified borrower and match the credit requirements of Private Mortgage Insurance (PMI), you can get a mortgage loan with down-payments as low as 3%. PMI also costs less than FHA insurance.
For people with imperfect credit scores, FHA insured mortgage loan is a great option. Under this scheme, you can get a mortgage loan with a minimum down-payment of 3.5%. However, FHA charges a fixed premium of 1.75% of the loan amount.
All these loans and many other no or low down-payment mortgage loan options are available at All Western Mortgage. Visit our website – http://www.awmlending.com/ to know more.
8345 W Sunset Rd, Suite 380Las Vegas, NV 89113
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