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 OK
- Up to 60% DTI (Per AUS)
- 30 Year Fixed
- NO Pre payment penalties
Veteran Affairs (VA)
- NO Money Down
- 580 Middle Credit Score
- Up to 65% DTI (Per AUS)
- 30 Year Fixed
- NO Pre payment penalties
- NO PMI (Private Mortgage Insurance)
- NO Assets required
U.S. Department of Agriculture (USDA)
- NO Money Down
- 620 Middle Credit Score
- 30 Year Fixed
- 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.