Four Mortgage Programs For Any Buyer

Dated: 11/23/2014

Views: 643

It’s no secret that mortgage rates have been falling over the past year but did you know that mortgage programs have also become more flexible?  Here are four great programs to help just about anyone looking to buy a house.  

First time buyers: What’s the biggest challenge to buying your first home? Down payment! Fear not first time buyers, there are two different loan programs that are perfect you. The first is a FHA Plus program that will allow you to loan up to 101.5% of the loan amount! Match that with our buyer cash back program and you are moving in with little to no money down.  

Low credit score: Who hasn’t gotten a little beat up during the last down turn? There are two great programs for you. Current FHA guidelines allow credit scores as low as 580 with as little as 3.5% down! If you are veteran the news is even better! Current VA programs are fabulous. They offer 100% financing and flexible credit ratings.  
Business Owner: Those of us that own small businesses often have a tough time qualifying for homes mortgages. No worries. There is a program for you. With as little as 20% down you can qualify for several different low documentation loans.  
Fix’er upper: You want to put a little sweat equity into your new home but not sure you have the funds to do it? A 203K loan might be perfect for you! You can roll all your repairs into your mortgage.    
Want to know if you qualify for any of these programs? Contact me right away.    

~Chuck
Serving all of your Ashburn, Brambleton, Reston, Fairfax, Leesburg, Mclean and Loudoun County area Real Estate needs!
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Chuck Rifae

Chuck Rifae has been a leading Northern Virginia Realtor since 2002. Chuck holds the advanced designation of Broker of Real Estate for both Maryland and Virginia. When Chuck is not working with buyer....

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