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FHA Loan Programs
General Guidelines
- Owner-occupied
- 15 and 30 year fixed terms
- 1 year arm
- Minimum out of pocket
- Down Payment Assistance Programs allowed for minimum move in
- Less stringent credit requirements
- Can use 100% gift funds
- FHA loan limits are county specific. The maximum loan amounts for each county vary; contact your Service First Mortgage Loan Professional for details.
- Good rental or mortgage payment history required
- One year from filing Chapter 13 is o.k. with Trustee Approval.
Conventional Loan Programs
Property Types:
- Owner Occupied
- Second homes
- Investment Properties
Terms:
- 10, 15, 20 and 30 fixed rate
- 6 month, 1, 5 and 7 year ARM's
- More flexibility with creative financing
- Interest Only products
- 100% financing
- No MI Programs
- 80/10/10, 80/15/5, 80/20 programs
VA Loans
- No Down Payment required
- No minimum Credit Score
- Good Rental Or Mortgage Payment History
Ask your Service First Mortgage Professional about Texas Vet Loans.
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