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Loans / FHA / VA Loans

Learn how Zoom Agents can save Buyers thousands of dollars.

FHA loans are insured (not owned) by the Federal Housing Administration. A borrower will be securing the loan from a lender, and the FHA insures the lender that the loan will be satisfied if the borrower defaults on the mortgage. Often times lower income Americans would have a difficult time qualifying for a home loan, so this program was started to assist them with this. Lenders are now frequently willing to finance the purchase because the FHA is taking the majority of the risk by insuring that the loan will be paid.

FHA Facts

• You can pay as little as a 3% of the purchase price of your home for your down payment, and wrap your closing costs in with your mortgage loan. Our lenders can guide you toward programs that require no down payment.
• FHA loans can be used to purchase "alternative" properties. This is particularly important because some properties are very difficult to get lending for such as manufactured homes.
• Unlike some other loans options, rolling the cost of energy-efficient repairs into a mortgage is possible.

VA Loans are guaranteed by the Department of Veteran Affairs. They are very similar to FHA loans, except for only a veteran can qualify. If you are veteran and would like more information regarding this type of loan, please consult our loan officers.

One thing to remember is that not every home can qualify for an FHA or VA loan. Please contact us to confirm that the property you are interested in can be funded by an FHA or VA loan.