USDA & VA Loans
Get into a loan with a lower cost!
If you meet the qualifications, you may be eligible for a loan that requires little or no down payment. USDA (United States Department of Agriculture) and VA (Veteran's Administration) loans are government-backed loan programs that offer fewer restrictions than conventional mortgages.
For first-time homebuyers and active or veteran military personnel, a USDA or VA loan can be a great mortgage solution with benefits that include:
If you meet the qualifications, you may be eligible for a loan that requires little or no down payment. USDA (United States Department of Agriculture) and VA (Veteran's Administration) loans are government-backed loan programs that offer fewer restrictions than conventional mortgages.
For first-time homebuyers and active or veteran military personnel, a USDA or VA loan can be a great mortgage solution with benefits that include:
- No down payment
- Larger mortgages to finance larger homes
- Options for seller to pay the purchase points or closing costs
- Cash gift allowed for costs
- Availability for 15 or 30-year term
USDA loans are available as both fixed and adjustable rate mortgages. VA loans are fixed rate loans.
If you have any questions regarding a USDA or VA loan or want to know how to qualify, call 1-888-729-0030 to speak with an experienced Loan Consultant.
Fixed Rate Loans
Adjustable Rate Loans
| Monthly Payment |
Monthly payments are fixed for a period of time and then can adjust either up or down. | Monthly payments of principal and interest stay the same throughout the life of the loan. |
| Interest Rate |
Is the same for a fixed period of time and then can change periodically. | Interest rate stays the same throughout the life of the loan. |
| Biggest Benefit |
Your initial interest rate is typically lower than a fixed rate mortgage, which may lower your monthly payment or allow you to afford a more expensive home. | Your monthly payment of principal and interest stays the same, which makes it easier to manage your housing budget. |
The table below highlights the difference between fixed and adjustable rate mortgages.
Adjustable Versus Fixed Rate Loans
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Enjoy your financial independence in retirement
A reverse mortgage lets you access a portion of your home's equity and use it for things you need. You keep the title to your home, and can continue to live in it with out having to make monthly reverse mortgage payments.
The choice is yours...
Proceeds from a reverse mortgage can be used for any purpose, such as:
A reverse mortgage lets you access a portion of your home's equity and use it for things you need. You keep the title to your home, and can continue to live in it with out having to make monthly reverse mortgage payments.
The choice is yours...
Proceeds from a reverse mortgage can be used for any purpose, such as:
- Covering medical, prescription or long-term care costs
- Making home improvements
- Taking care of everyday or unexpected expenses
We're here to answer your questions.
If you're 62 or older, you may qualify for a reverse mortgage. To speak to a reverse mortgage specialist, call us today.
Reverse Mortgages
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