Ask us about the government loans available!!

There are many misconceptions about government guaranteed home loans.

Some of these are:

1. The government will own my home!

Not true, the government simply acts as an insuring agent to the lender to guarantee the loan. This allows more flexible lending standards to allow more people to buy a home.

2. There are to many restrictions on the home I can buy.

Not True, you pick the home with your real estate agent, the home requires an FHA appraisal that is not much more demanding than a conventional appraisal, it does have a few items that involve safety and use that are there to protect the home buyer.

Current FHA loan limits range from $271,000 to $749,000 depending on where you live. USDA loans vary depending on your income, but allow for nicer homes up to $417,000. The only thing that limits your home will be your debt to income ratios. These loans are high loan to value loans that allow for smaller down payments than conventional loans in todays lending environment.