blue water home loans
TRANSCRIPT
About Aaron WaterburyWhen it comes to mortgage lending Aaron’s philosophy is simple: Make sure that each client makes an educated decision that meets their financial goals. In the ever-changing mortgage industry, it is crucial that you choose a lender that strives to stay current with the evolving mortgage guidelines. Aaron is committed to providing you with a level of service that far exceeds your expectations.
VA loans are guaranteed by U.S. Dept. of Veterans Affairs. The guarantee allows veterans and service persons to obtain home loans with favorable loan terms, usually without a down payment. In addition, it is easier to qualify for a VA loan than a conventional loan. VA determines your eligibility and, if you are qualified, VA will issue you a certificate of eligibility to be used in applying for a VA loan.
VA-guaranteed loans are obtained by making application to private lending institutions.
Conventional Loan OptionsA conventional loan is a mortgage that is not guaranteed or insured by any government agency, including the Federal Housing Administration (FHA), the Farmers Home Administration (FmHA) and the Department of Veterans Affairs (VA). It is typically fixed in its terms and rate.
• These are loans insured by the Federal Housing Authority. They have lower down payment and credit requirements than conventional loans.
1• Streamlined 203k Loan Option
FHA's Streamlined 203(k) program permits homebuyers to finance up to an additional $35,000 into their mortgage to improve or upgrade their home before move-in. With this new product, homebuyers can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or FHA appraiser.
2
FHA Loan Options
RD Loan Programs
RD loans are loans in "rural areas" guaranteed by the Rural Development arm of the U.S. Dept of Agriculture. They provide financing without a downpayment and minimal closing costs. Income and location restrictions do apply.
HOMEPATH LOAN OPTIONSTHIS SPECIAL FINANCING IS AVAILABLE ON FANNIE MAE HOMES WITH THE HOMEPATH LOGO. SEVERAL BENEFITS INCLUDE LOW DOWN PAYMENT AND FLEXIBLE MORTGAGE TERMS, QUALIFYING IF YOUR CREDIT IS LESS THAN PERFECT PLUS DOWN PAYMENT (AT LEAST 3 PERCENT) CAN BE FUNDED BY YOUR SAVINGS; A GIFT, A GRANT, OR A LOAN FROM A NONPROFIT ORGANIZATION, STATE OR LOCAL GOVERNMENT, OR EMPLOYER. THIS UNIQUE FINANCING ALSO REQUIRES NO MORTGAGE INSURANCE OR APPRAISAL FEES.
THANK YOU FOR YOUR TIME! PLEASE CALL OR EMAIL ME TO FIND THE PROGRAM THAT BEST FITS YOU!
Aaron WaterburyNMLS # 337252Cell (810) 294-2533Office (810) [email protected]