Many lenders offer
a variety of mortgage programs for homebuyers with special
circumstances, particular requirements, or specific qualifications.
You might consider one of these special mortgage programs if you:
- Qualify for an
FHA or VA Loan
- Need the low
down payment options of affordable loans
- Have less than
- Need to get a
Manufactured Home Loan.
VA mortgage loans are intended to encourage lenders to offer
veterans mortgages with more favorable terms. VA mortgages can be used
to buy, build, improve, or refinance a home. These mortgages are often
made without any down payment at all, and frequently offer lower interest
rates than are ordinarily available with other kinds of mortgages.
The FHA insures mortgage loans to help people buy or refinance
their current homes with a low down payment. The FHA insures the loan(s)
so that if buyers default for some reason, the lenders will get their
money. This encourages lenders to give mortgages to people who might
not otherwise qualify for a loan. Down payments on FHA loans can be
as low as 3% down.
seven-year Balloon mortgage with a Conditional Refinancing Option can
be a good deal for many borrowers. Your monthly payments are based on
a 30-year amortization, while the interest rates are based on the shorter
term of the loan. And, the Conditional Refinancing Option provides a
safety net, allowing borrowers to refinance the seven-year Balloon at
maturity with a 23-year fixed-rate mortgage, provided certain conditions
are met. Calculate Your Amortization!
Many lenders offer several affordable mortgage programs with
low down payments, and flexible qualifying guidelines, closing cost
assistance, and so on.
out more about "Affording Your New Home"
and find out your options to buy the home of your dreams!
Use our quote
form, a mortgage feature on California Mortgage & Home Equity
Loans, Co. to locate a lender in your area offering the mortgage
product that best suits your needs. The independent lender you select
will work with you to help find a low-cost mortgage that meets your
needs. Apply today!