FHA mortgages are designed for people who want to get into the housing market, but don't have enough money or assets. With an FHA loan you can take advantage of low mortgage rates with only a small down payment - usually as little at 3%.
The VA loan is a great option for veterans and their families who need help with down payments, because it doesn't require any. This program was designed in order to provide housing as well as assistance from the government when you come back home after serving our country!
If you want to buy a home but don't have the money, consider looking at USDA loans. These are designed for people in rural areas who need help with their down payments and investments; they come loaded up with so many incentives that it's hard not take advantage of them all!
Jumbo loans are often used to finance properties that exceed the maximum size of a standard conforming loan. The most common limit for this type is $548,250 but many Counties have increased their limits since last year's housing bubble burst which means you may be able to get one even if your home exceeds it by up to 10%.
If you are a medical professional and want to purchase your first home, FHA loans might be the perfect option for you. These government-backed mortgage programs allow those without very good credit or funds can still get started with homeownership by purchasing homes in their local area as long they meet certain requirements.
- Conventional Home Loans