FHA/VA Loans
FHA and VA loans offer something specials for certain individuals.
The FHA MORTGAGE
Backed by the Department of Housing and Urban Development, this mortgages offers the borrower the ability to put as little as a 3% down payment - and they even finance "allowable" closing costs. The Seller can contribute up to 6% of the purchase price to the buyer towards closing costs and pre-paids.
FHA Mortgage - FHA Mortgage Center
The VA MORTGAGE
Backed by the Verterans Administration and the federal goverment, it is similar to FHA except that you have to be a qualified Verteran or military person. This mortgage offers the borrower a 100% loan. The Seller can contribute up to 6% of the purchase price to the buyer towards closing costs and pre-paids.

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