Conventional Loans
- Down payments between 5% - 20%
- Used for purchase or refinance of primary, secondary or investment property
- No mortgage insurance if 80% LTV or lower
- Down Payment Assistance Programs available
VA
- 100% purchase financing
- No PMI
- Cash out up to 100% of Property Value
FHA
- Lower credit score requirements
- Low down payments (3.5%)
- Down Payment Assistance Programs available
USDA/Rural Development
- Occupy property as Primary Residence
- Property address must qualify for financing
Reverse Mortgage
- Be 62 years of age or older
- Occupy property as Primary Residence
- Closing costs can be financed into the loan
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