Federal Housing Administration Insurance (Low down-payment) - PowerPoint PPT Presentation

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Federal Housing Administration Insurance (Low down-payment)

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For people with imperfect credit scores, FHA insured mortgage loan is a great option. Under this scheme, you can get a mortgage loan with a minimum down-payment of 3.5%. However, FHA charges a fixed premium of 1.75% of the loan amount. – PowerPoint PPT presentation

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Title: Federal Housing Administration Insurance (Low down-payment)


1
All Western Mortgage
  • Mortgage Loans

2
Mortgage Loans that require No or Low
Down-Payments
  • Buying a home has become relatively easier
    nowadays than it was a couple of decades back and
    potential buyers with little money for down
    payment can now also buy their dream house. The
    Federal Housing Administration insures home
    mortgage loans with low down-payments, whereas
    The Department of Veteran Affairs (VA) and
    Department of Agriculture (USDA) facilitate home
    loans with no down-payments.

3
Here are some mortgage options for borrowers
looking for zero down-payment or low-down-payment
home loans.
  • 1) VA Mortgage (No down-payment)

2) USDA Mortgage (No down-payment)
4
Here are some mortgage options for borrowers
looking for zero down-payment or low-down-payment
home loans.
  • 3) Private Mortgage Insurance (Low Down Payment)

4) Federal Housing Administration Insurance (Low
down-payment)
5
1) VA Mortgage (No down-payment)
  • For qualified veterans and active-duty service
    members of the armed forces, along with certain
    members of the National Guard and reserves, the
    VA guarantees mortgages with no down-payment.
    Private mortgage lending company like All Western
    Mortgage also offers VA loans that are guaranteed
    by The Department.

6
2) USDA Mortgage (No down-payment)
  • The USDAs Rural Development Mortgage Guarantee
    Program is extremely popular and isnt just
    confined to the farmlands. The maps on USDAs
    website highlight the eligible areas for this
    type of mortgage and there are also restrictions
    on household income in order to qualify for this
    loan. This program is intended only for the first
    time buyers, however there are some exceptions.

7
3) Private Mortgage Insurance (Low Down Payment)
  • If you are a qualified borrower and match the
    credit requirements of Private Mortgage Insurance
    (PMI), you can get a mortgage loan with
    down-payments as low as 3. PMI also costs less
    than FHA insurance.

8
4) Federal Housing Administration Insurance (Low
down-payment)
  • For people with imperfect credit scores, FHA
    insured mortgage loan is a great option. Under
    this scheme, you can get a mortgage loan with a
    minimum down-payment of 3.5. However, FHA
    charges a fixed premium of 1.75 of the loan
    amount.

9
All these loans and many other no or low
down-payment mortgage loan options are available
at All Western Mortgage. Visit our website
http//www.awmlending.com/ to know more.
10
Contact - All Western Mortgage
  • Address
  • Phone
  • Fax E-mail
  • Website
  • 8345 W Sunset Rd, Suite 380Las Vegas, NV  89113
  • 702-850-2790
  • Corporate 702-369-0905
  • Fax 702-906-0153
  • E-mail info_at_awmlending.com
  • http//www.awmlending.com/
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