Becoming an Expert

Understand Mortgage Types

Rural Development 100% Financing 30 Year Fixed Rate Mortgage.  The Government has done it right with this program.  It allows you to finance up to 103.5% of the appraised value. It will even allow you to include new appliances.  No monthly mortgage insurance (PMI).  Health and safety repairs can also be escrowed and be complete after the closing.  Loan Checklist

FHA 30 or 15 Year Fixed Rate Borrowers can purchase a home for as little as 3.5% down payment. Borrowers with less than perfect credit can breathe easily, as underwriting guidelines are more relaxed. A powerful tool is in your hands with FHA.  Loan Checklist


VA 15 or 30 Year Fixed Rate  VA loans are a great way to finance a home up to 100% of the purchase price. If you are a Veteran, this program has many benefits for you and your family. Loan Checklist

Conventional Financing  5%, 10% 15% or 20% down payment 15 or 30 Year Fixed Rate Mortgage.  This is a traditional type mortgage. Credit criteria is much tighter and reserved for those with higher credit scores.  Loan Checklist