First time buyers and borrowers FHA mortgages has its' advantages:

Easy Qualification - The FHA mortgage program insures lenders against loss for loans made to properly qualified FHA mortgage borrowers.

Minimal Downpayment Requirements - The FHA mortgage program requires a minimum of 3.5% down and those funds can come from a family member, charity, or your employer.

Less than Perfect Credit is Okay - The FHA mortgage program exists to expand the pool of home buyers. Even borrowers with prior credit problems can get approved for a FHA mortgage to buy or refinance. The FHA mortgage requires a 620 credit score for borrowers with less than 20% down. The FHA streamline refinance requires a 620 credit score for all refinance transactions!

Save money Over the Life of the Loan - The  FHA mortgage program rates are extremely competitive. FHA's guarantee risk to the lender means a better rate for the borrower.

Assistants for Borrowers Who Get Behind - The FHA mortgage program allows the lender to offer options in helping borrowers who fall behind on their mortgage payments get current again: special forbearance, workouts, even free mortgage counseling. HUD allows the lender to take past due payments and move them to the end of the loan and in some instance will actually pay your past due payments for you. More Options to save your home than what you get from a conventional loan!

Options for Manufactured Housing - Under certain conditions, you can even finance a manufactured home using a FHA mortgage program. Call 888-669-2825 to get pre-approved for a FHA mortgage for manufactured housing or just use our  to learn more!

FHA Loans Are Assumable - When you are ready to sell your home, you can offer buyers FHA financing! All FHA loans can be assumed by qualified buyers.

VA mortgages

The VA mortgage came into affect in 1944 through the original Servicemen's Readjustment Act also known as the GI Bill of Rights. The GI Bill was signed into law by President Franklin D. Roosevelt and provided veterans with a federally guaranteed home with no down payment. With more than 25.5 Million veterans eligible f or VA financing, the VA mortgage is still an excellent source for affordable 100% financing to eligible veterans.

VA mortgage program

VA guarantees a maximum of 25% of a mortgage amount up to $104,250, which limits the maximum mortgage amount to $417,000. The purchase price, plus the funding fee (2%) may be financed for a combined 102% loan to value.

VA mortgage advantages

  • TRUE 100% FINANCING (No down payment required)
  • flexible credit guidelines and down payment requirements
  • First time homebuyers allowed
  • No monthly mortgage Insurance (this saves hundreds of dollars monthly) 1 time up front fee
  • No income restrictions

 

Basic Pre-Approval

Get the Best Mortgage Rate!

Tell us a little about your current needs and we can use that
information to match you with just the right loan.
 
Tell us about your loan needs.
*Reason for loan (purch, refi, cash out):
*Value of property:
*Type of property:
*Amount you need to borrow:
Type of loan wanted (30 Yr, 15 Yr, ARM, Int. Only):

How can we get in touch with you?
*Name:
*Email:
Phone:
Address:
City:
*State:

Tell us about your credit history.
*Credit History (Excellent, Good, Average, Poor):

Note: Fields with an * are required


Millenia Financial Group 202 W Duval ST Lake CIty, FL 32055
Phone: Toll Free Phone: Fax:

About Us | Contact Us | Purchase Center | Refinance Center | FHA/VA/USDA Center | Jumbo Loan Center | Government loans by state | Stop Forclosure Seminar | Florida Home Sales | DU Refi Plus | Save Your Dream | Loan Modidfication | MLS Listings | Real Estate Glossary | Home | Loan Application | Application Package | Refinancing Options | Refi Breakeven Calc | Customer Login | Money | Bankruptcy | Need a Bridge Loan?

Copyright © 2010 Millenia Financial Group
Portions Copyright © 2010 a la mode, inc.
Another XSite by a la mode, inc. | Admin Login| Terms of Use| Site Map