Applying For Government Home Loans Benton AR

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

Fairway Independent Mortgage Corporation
501-614-4600
1819 N. Filmore Street
Little Rock, AR
Equity Union
(501) 778-5626
308 W South St
Benton, AR
Cash Advance of Little Rock
(501) 315-1170
1016 Military Rd
Benton, AR
Advanced America Cash Advance
(501) 860-6896
1201 Military Rd
Benton, AR
Metropolitan National Bank
(501) 315-7600
1323 Military Rd
Benton, AR
Advance America Cash Advance
(501) 860-6896
1201 Military Rd
Benton, AR
Nations Mortgage
(501) 778-4544
821 Edison Ave
Benton, AR
Uc Lending
(501) 221-0170
320 Executive Ct Ste 101
Little Rock, AR
First National Bank the
(479) 963-6319
Paris, AR
Bank of America
(479) 273-5586
808 S Walton Blvd
Bentonville, AR

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.

    ...

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Author: Julie Bonner

Featured Local Company

Fairway Independent Mortgage Corporation

501-614-4600
1819 N. Filmore Street
Little Rock, AR

Related Local Event
Arkansas Association of Realtors Annual Convention
Dates: 9/8/2009 - 9/10/2009
Location: TBD
Little Rock, AR
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