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The Federal Housing Administration (FHA) and the U.S.
Department of Veterans Affairs (VA) offer government-insured loans.
These loans have features that make them easier for first time
home buyers to obtain. Such as:
· Low down payment (usually 0% of
the FHA appraised value of the purchase price, whichever is
lower. |
· Insurance for the federal government replaces
private mortgage insurance. |
· Maximum loan amounts vary by county. |
· Fixed rate and ARM's available. |
· Allows homebuyer to receive all of part of
their down payment and loan fees from a relative. |
· Flexible credit guidelines. |
Best For
· First time home buyers. |
· Homebuyers who have a limited saving and/or
moderate incomes. |
Click
Here to Complete a Quick Application
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To
receive $250.00 off closing costs with Harvard Financial
Group click here!
Print out the offer and present it to your HFG broker at your
next appointment. |
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