FHA Loan Benefits:
Only requires a 3.5% down payment.
Debt-to-income ratio as high as 55%
Ability to use money received as a gift for a down payment and/or settlement costs
Allows for no cost, no qualifying “streamline” refinance
Requires up-front & monthly mortgage insurance (MI)
Flexible qualification guidelines.
Need Help Financing your Dream Home?
WE CAN HELP
We understand that sometimes the hardest part of buying a new home is knowing where to start. We can put you in touch with our preferred lending experts who will answer all your financing questions. Familiar with the Cumberland Meadows process, they have the financial tools to help make your dream home a reality. And, they can do it at a competitive rate.
Some options include:
FHA Loan Program
FHA mortgage programs are designed to help creditworthy low-income and moderate-income families who do not meet requirements for conventional loans. FHA loan programs are particularly beneficial to those buyers with less available cash.
VA Loan Benefits:
Ability to purchase a home with no down payment.
Credit guidelines for purchasing a new home are less stringent.
The Veterans Administration insures the loan but does require a funding fee that is typically financed into the mortgage.
The funding fee may be waived for veterans that have a war related disability.
A loan limit may apply.
VA (Veterans Administration)
If you are a veteran of the United States, a VA loan may be the perfect loan for you. This does not only include veterans, but also spouses of veterans as well. The underwriting guidelines for these loans are controlled by the veteran’s administration.
Our Preferred Lending experts are committed to helping you own your new home.
They make the process of securing a mortgage simple and straightforward by offering you the latest in financial tools that enable you to make sound financial choices.