FHA, conventional and VA loans account for the majority of home mortgage loans; not only in Arizona, but the entire U.S. These three home loan categories offer a variety of options depending on specific qualifying data and criteria.
FHA and Conventional loan categories require down payments, while VA loans are reserved for active;as well as, discharged members of the military and do not require a down payment. In general, these loans offer better interest and/or mortgage insurance rates; in addition to, greater purchasing power through higher debt-to-income ratios. Needless to say, it takes a professional with years of training and experience to ensure you are getting the most for your qualifications
If you don’t have any, or enough, money saved up to buy a house…don’t worry! Down payment assistance grants and first time home buyer programs are available. Many folks think these programs are only for low income wage earners or are offered with only run down housing, in less than desirable areas. Talbot Team is here to expose all the myths and shed light on the true power of these programs that help make homeownership a reality.
There are endless needs for home purchase financing beyond FHA, conventional, and down payment assistance grant programs. For example:
Let us know what your needs are and we will place you with the resources available in today’s market.