• Red Oxen Bloggers

Alternative Home Loans

Updated: Mar 27


If saving enough for a 20% down payment will delay your home buying dream for years, you should consider your alternate options:


  1. An FHA Loan The Federal Housing Administration, or FHA, insures loans for qualified first-time homebuyers. With FHA backing, lenders can offer you a loan at a low interest rate with as little as 3.5% down.

  2. VA Loans Qualified military veterans can obtain a mortgage with zero down payment, thanks to a program administered by the Department of Veterans Affairs (VA). Like an FHA loan, a "VA loan" is a federally insured loan that's issued by a traditional financial institution, like a bank. These loans don't require any down payment, and as a bonus, the buyers don't need to pay PMI either – making them an even better deal than FHA loans.

If you're interested in learning more about these programs or other options for down payment assistance, please give me a call today. Together we can figure out a way to make your dream of homeownership a reality.


#fha #valoan #mortgage #downpayment



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