Illinois, Wisconsin and Florida Government Mortgage Loans
FHA Home Loans
The main advantage to a FHA
home loan is that the credit criteria are not as strict as Conventional
Loans sold to Fannie Mae (FNMA) or Freddie Mac (FHLMC). Someone who
may have had a few credit problems or no traditional credit should not
have a problem obtaining FHA financing.
Federal and State VA Loans
VA (Veteran's Affairs) home loans offer an alternative to conventional
loans for veterans who served active duty. These loans offer some nice
benefits including lower closing costs and sometimes no down payment.
Rural Housing Single Family Guaranteed Loans
Guaranteed
Rural Housing loans do not require a down payment. And if the appraised
value is higher than the sale price, then closing costs, prepaid expenses,
and lender required repairs can be added to the loan amount up to the
appraised value of the property.
