Reverse Mortgages:
1. Senior homeowners 62 years or older.
2. Payoff your mortgage and/or get cash out
for any purpose.
3. No payment required.
4. No credit, income or health qualifications.
5. Purchase a new home.
VA Loans:
1. Purchase up to 100% LTV*.
Maximum loan $417,000.
2. Cash out up to 100% LTV.
Maximum loan $417,000.
3. Low fixed rates.
4. Low closing costs, regulated by VA!
5. No pre-payment penalty for early payoff!
FHA Loans:
1. Purchases up to 96.5% LTV. The other 3.5% can
be gifted by an immediate relative.
2. Refinance up to 97.75% LTV.
3. Cash out up to 85% LTV.
4. Low fixed interest rates.
5. Low closing cost, regulated by HUD!
6. No pre-payment penalty for early payoff!
USDA Rural Development:
1. 100% Financing.
2. No down payment.
3. No monthly private mortgage insurance (PMI).
4. Flexible credit and qualifying guidelines.
5. Low 30 year fixed rates apply.
All government loans have certain restrictions and guidelines
that apply. *LTV is the amount divided by the value of the property. (e.g.
$120,000 loan divided by $150,000 value of home is equal to 80% LTV). |
