VA Mortgage
If you have military experience and have earned your home loan benefit from the military, you need to talk with us. VA still allows for 100% financing for owner-occupied properties. Structured properly, you can purchase a home with no down payment and no funds out of pocket with a seller contribution towards closing costs. VA loan have no monthly mortgage insurance, which lowers your monthly payment.
How do you qualify for a VA mortgage? Call one of our VA specialist 860 829-9600 x101 or email vin@alliedhomenet.com.
USDA Home Loans
100% financing exists if the property you are looking to purchase and occupy falls within an approved location by the United States Department of Agriculture. This financing product allows for you to finance up to 100% of the appraised value. This means you can roll your closing costs into your mortgage if the home appraises for more than you are purchasing the home for. There are also income restrictions based upon family size, child care expenses and other considerations.
This loan, much like the VA mortgage, does not have monthly mortgage insurance, keeping your payments lower.
What's the next step? Check to see if you fit within the income restrictions and if the area you are looking in is eligible. Call me 860 829-9600 x101 or email vin@alliedhomenet.com
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