Applying For Government Home Loans West Virginia

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

Eagle Nationwide Mortgage Company
304-521-2004
414 11TH Street, Suite 102
Huntington, WV
Beneficial Finance Inc
(304) 262-4860
702 Foxcroft Ave
Martinsburg, WV
American General Financial Services
(304) 343-3353
1106 Fledderjohn Rd
Charleston, WV
American General Financial Services
(304) 264-9400
281 Aikens Ctr
Martinsburg, WV
Allegheny Products
(304) 254-9210
611 Industrial Park Rd
Beaver, WV
Citifinancial
(304) 372-1111
Ripley, WV
First Mortgage Services
(304) 726-7115
Keyser, WV
Pioneer Community Bank
(304) 683-4831
Sophia, WV
Beckley Mortgage Services Inc
(304) 255-5400
106 S Heber St
Beckley, WV
Grant County Bank
(304) 788-8040
Josie & Rt 220
Keyser, WV

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

Call us today toll free 877-248-6890 and apply for a low fixed rate or apply online at www.wv-mortgageloan.com

304-521-2004
414 11TH Street, Suite 102
Huntington, WV
www.wv-mortgageloan.com

Eagle Nationwide Mortgage Company West Virginia Home Loans

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
No PMI
102% of the appraised value
No reserve requirements
620 Score with little weight given to past credit
Low Fixed Rates
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
Historically low interest rates
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.


http://www.wv-mortgageloan.com

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