Home : Buyers' Guide : Finance

Financial Options...

When it comes to financing a new home, today buyers have almost an unlimited number of options. These options include:

• Conventional mortgage -- A first mortgage granted by an institutional lender such as a bank or trust company, where the amount of the loan does not exceed 75% of the lending value of the property.

• FHA loan -- A loan insured by the Federal Housing Administration open to all qualified home purchasers. While there are limits to the size of FHA loans, they are generous enough to handle moderate-priced homes almost anywhere in the country.

• VA loan -- A mortgage made by an approved lender and guaranteed by the Department of Veterans Affairs, often with a low down payment.

And there are other options. We don't need to know your financial status. Lenders are happy to fully explain your options for financing. Contact us if you need help finding a lender.