Home Loans & Mortgage: Refinancing, FHA home loans, VA home loans, Zero Down home loans to $850,000, 100% Stated Income & Jumbo home loans — Refinance Today ... FAST LOAN APPROVAL!


FHA Loan
VA Loan
FHA Loan and VA Loan provides affordable home loans for purchase or refinance

Little or NO Money Down

100% of the Down Payment
can be a Gift

Non-occupant co-borrowers
are allowed to assist in
qualifying for the loan

FHA loans are assumable
under certain conditions.
(Conventional fixed rate loans seldom are.)

The Seller is required to pay
Processing fee,
Document Prep Fee, and the
Tax Service Fee in an FHA loan

The VETERAN can literally move in WITHOUT any of their own funds!

NO Down Payment Up to $359,650

100% of the Down Payment
can be a Gift
VA loans allow the borrower to use 100% gift moneys for the down payment.

Closing costs can be paid
by the seller, or
gifts funds may be used

No Closing Cost

Easier qualifying standards

No prepayment penalties

FHA Loan

VA Loan

Credit history DOES NOT have to be spotless to obtain financing through
FHA Loan and VA Loan

Bankruptcies
2 years from date of discharge
No late payments in the last 12 months

Foreclosures
Must be more than 3 years old
No late payments in the last 12 months

Repossessions
Must be more than 2 years old
No late payments in the last 12 months

Late Payments
No late payments in the last 12 months

Bankruptcies
2 years from date of discharge
No late payments in the last 12 months

Foreclosures
Must be more than 3 years old
No late payments in the last 12 months

Repossessions
Must be more than 2 years old
No late payments in the last 12 months

Late Payments
No late payments in the last 12 months

Underwriting guidelines for VA loans are even more specific.

For example, a borrower may be able to get a VA loan one year after discharge of a Chapter 7 if the borrower is re-establishing credit and can demonstrate that the bankruptcy was due to circumstances beyond their control such as "medical bills not covered by insurance," according to the The VA Lender’s Handbook by Allregs.

According to HUD / FHA

For example, loans may be permitted for consumers who have discharged their bankruptcy as recently as one year ago if the borrower can demonstrate "extenuating circumstances beyond the control of the borrower." Documenting the fact that an unexpected illness caused high medical bills would be one way to address this guideline and help the borrower get an FHA loan.