FHA mortgage loans are loans offered through the Federal Housing Administration. These loans are beneficial to many people and have been used to put many home buyers into their first homes with less hassle, down payment, and closing costs. FHA currently offers fixed rates and adjustable rate loans. FHA allows buyers to put a minimum of 3% down. FHA loans offer more flexible qualifying guidelines, and most cases less closing costs than that of conventional loans. If you are looking to purchase a home and have minimal resources call now to find out if FHA will work for you. FHA mortgage loans are assumed to borrowers that qualify. Talk to a mortgage specialist about qualifications.
VA loans are offered through the Department of Veteran Affairs. VA offers fixed rate loans with no money down; 100% financing and NO PMI. To find out if your eligible for a VA loan, call American Fidelity Mortgage.
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