What Loan Program is best for you?

Are you a first time homebuyer and have very little down payment? 
Are you looking for instant equity with a fixer upper?
Are you looking to finance an addition, but do not have enough equity in your home yet?
Are you a veteran, police officer, teacher or firefighter? 
There is always a loan program for you.

FHA 203K and FHA 203K Streamline Renovation Loan
The FHA 203K loan is a first mortgage home improvement loan with very high loan to values based upon after completed value with extremely flexible financing terms.

Fannie Mae Homestyle Renovation Loan
The Fannie Mae Homestyle loan is home improvement mortgage that allows buyers and homeowners to finance improvements in their purchase or existing home with a tax deductible first mortgage loan.

USDA Loan
The USDA loan is one of the few 100% financing loans available with very flexible financing terms.

VA
The VA loan is a 100% financing loan for eligible veterans.

CHFA
The CHFA loan is a low interest rate mortgage reserved for first-time homebuyers that fall within income and sales price limits.


HUD’s Good Neighbor Next Door Program
HUD’s Good Neighbor Program is not a loan, but a special program, usually financed with an FHA 203K loan, that offers a 50% reduction on certain HUD owned properties for qualified teachers, police officer, firefighters and emergency response personnel.

 

 

© 2010 The Renovation Loan Guy.
CT Loan Originator License #70333.

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