Mortgage News

2 Top housing loan programs available to purchase your new home.

The federal government and most states offer a variety of housing loan programs to assist people with achieving the American dream of owning their own home. Each state and local agency offers different programs, so it’s important to research your particular state’s programs, and work with a qualified mortgage specialist to determine the best housing loan program for you.

Here are two top loan programs that assist potential home buyers:

• FHA Mortgage loans: The U.S. Department of Housing and Urban Development (HUD) has a great program that insures mortgage loans. It allows those who qualify to secure a mortgage loan with little money down. Mortgage seekers with less than perfect credit have a better chance securing an FHA mortgage loan than a traditional loan.

• U.S. Department of Veterans Affairs (VA): Veterans and those currently serving in the military can receive government backed loans. Additionally, widows or widowers of military personal are eligible to apply for a VA loan.

By working with a qualified mortgage specialist, you can benefit from their expertise and find the right loan program that fits your individual situation.

Let the mortgage specialists at Midland Mortgage Corp. help you find the right housing loan programs to achieve your American Dream.