If you have good credit and are ready to purchase a home, a Conventional Loan Program may be right for you. With many options and flexibility for the type of home, this program is a good one to explore for qualified buyers.
With different loan limits and requirements than conventional loans, the FHA Loan Program is designed for those in a low-to-moderate income bracket looking to purchase a home.
Geared towards financing homes in highly competitive markets and for purchase points that are higher than conforming mortgage limits, the Jumbo Loan Program might be right for you. This loan covers primary and second homes as well as investment properties.
If you’re a veteran that meets the established service requirements and you’re looking to purchase a home, the VA Loan Program offers great options for financing and downpayment.
If you’re looking to purchase or build a home in rural and suburban America, the USDA Loan Program may be just the program for you. Guaranteed by the U.S. Department of Agriculture, it could help buyers that are looking for an alternative to a conventional loan.
Nucasa Mortgage is not affiliated with or acting on behalf of or at the direction of FHA, VA, USDA, the Federal or State Government.
USDA uses two fees: an upfront guarantee fee that is paid by the applicant once when you close on the loan, and an annual fee, which gets lumped into your monthly mortgage payment. The upfront fee is 1 percent of the total financed amount, while the annual fee is 0.35 percent of the loan's current balance. Income and property eligibility requirements apply; visit eligibility.sc.egov.usda.gov complete details.
Borrower pays only the interest on the mortgage through monthly payments for the fixed term of the loan. Borrowers are required to pay off the principal of the loan. Borrowers are also required to make a one-time balloon payment due 6 months from the date of closing.
Not all applicants will qualify. Advertised rates, fees, and program guidelines are subject to change without notice.
Private mortgage insurance is required if you make less than a 20% down payment. When you pay property taxes (along with your mortgage payment), your lender deposits the property tax payment into an escrow account. When your taxes are due, your lender uses the funds in this account to pay the taxes on your behalf.)
This is an advertisement and is not a commitment to lend. Contact lender to discuss the loan programs, payment and term options available specifically for you and your needs.
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