Government Loans

Federal Housing Administration (FHA)

• 3.5% Down Payment
• 580 Middle Credit Score
• 500 Middle Credit Score w/ 10% Down Payment
• Occupying and Non-Occupying Borrowers allowed
• Gift Funds OK
• Up to 60% DTI (Per AUS)
• 30 Year Fixed Loans
• NO Pre-payment penalties

Veteran Affairs (VA)

• NO Money Down
• 580 Middle Credit Score
• Up to 65% DTI (Per AUS)
• 30 Year Fixed Loans
• NO Pre payment penalties
• NO PMI (Private Mortgage Insurance)
• NO Assets required

United States Department of Agriculture (USDA)

• NO Money Down
• 620 Middle Credit Score
• 30 Year Fixed Loans
• NO Pre payment penalties
• 1st Time Homebuyers only*
• Rural Areas only
• NO Assets required

*A 1st Time Homebuyer is someone who has not owned property in the past 3 years.