Applying For Government Home Loans Athens OH

Government loans are available through the FHA to those wanting to buy a home. In order to learn about applying, read the following article.

Local Companies

First National Bank of Mc Connelsville
(740) 594-1863
1012 E State St
Athens, OH
Citifinancial
(740) 593-5561
596 E State St
Athens, OH
Advance America Cash Advance
(614) 262-2431
3371 Cleveland Ave
Columbus, OH
Aladdin Mortgage
(440) 885-0550
6887 Smith Rd
Cleveland, OH
Advance America Cash Advance
(419) 394-1191
1194 Indiana Ave
Saint Marys, OH
Home Savings Bank
(419) 738-9258
1 S Blackhoof St
Wapakoneta, OH
Advance America Cash Advance
(419) 824-9761
5813 Monroe St
Sylvania, OH
Hamler State Bank
(419) 274-3955
210 Randolph
Hamler, OH
American Payroll Advance
(330) 821-1100
2370 W State St
Alliance, OH
America's Cash Express
(513) 771-5028
1617 E Kemper Rd
Cincinnati, OH

Government loans are available through the FHA to those wanting to buy a home. FHA home loans help particular groups of people qualify for a home loan that they otherwise may not receive by guarantying the loan, which will be made by a regular lender. There are different types of home loans that the FHA will guarantee and you must meet all qualifications for your particular loan program. The following steps outline the best road to take in order to receive a loan that is guaranteed by the FHA.

  1. First, you should visit the FHA website to see if you can qualify for any of the loans they offer. There are three main loans available to those looking to purchase a new home:

    • A loan for first time homebuyers. You must be buying a home for the first time, meet credit qualifications, and be approved by an FHA lender to receive this loan.

    • A loan for those buying a home that needs repairs. The loan will pay for both the purchase price of the home, as well as the cost of fixing up the home. The only qualifications for this loanare you meet credit requirements andare approved by an FHA lender.

    • A loan for those who want to buy a mobile home or manufactured home. Qualifications for obtaining this loan are the same as those for obtaining a loan for buying a home that needs repairs (above).

    You must fall into one of these categories to receive a loan to buy a home through the FHA. They do also offer a loan for those wanting to upgrade their current home to make it more energy efficient, and they have a reverse loanavailable toseniors. Neither of these is for those wanting to buy a new home.

    ...

Click here to read the rest of the article at HowToDoThings.com

Author: Julie Bonner

Featured Local Company

Eagle Nationwide Mortgage Company

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304-521-2004
414 11TH Street, Suite 102
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Though we are nationwide, we specialize in home lending right here in our own back yard. Our staff are all long term residents of West Virginia. This is our community, and we want to see it grow and prosper. Our West Virginia mortgage programs are designed to assist homeowners and homebuyers get the right loan for them.

The West Virginia USDA Loan is a perfect fit for West Virginia homebuyers. It's helping increase homeownership in rural areas and has many benefits.

No down payment
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102% of the appraised value
No reserve requirements
620 Score with little weight given to past credit
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Our West Virginia FHA loans are one of the most popular of our mortgage programs.

96.5% Loan to Value
Down Payment can come from a gift
580 Credit score for purchase
560 Credit Score for Refinance
Some programs allow for Non-Occupying Coborrowers
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We also offer Fannie Mae and Freddie Mac conventional loans at superior rates.

It's important to us that our community benefits from all of the wonderful programs available. We want to make sure that these mortgage programs help our friends here in West Virginia secure the best mortgage loan they can.


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