Categories: First Time Home Buyer Programs

USDA Versus FHA Loan Program

March 14, 2017

Good Neighbor Next Door Program

Both the USDA loan and FHA loan are great programs are great zero to low down payment options for first time home buyers. Furthermore, USDA and FHA loans have flexible qualifying guidelines.... Read More

Good Neighbor Next Door Program

September 13, 2015

Good Neighbor Next Door Program

Teachers, Firefighters, Police Officers, Emergency Medical Technicians, and other Law Enforcement officers of government may be eligible to purchase a home in an eligible area at a 50% discount.... Read More

FHA 620 Credit Score Program

August 10, 2015

FHA 620 Loan Program

Most lenders offer the FHA 3.5% down payment program with a 640 to 660 credit score but now we offer the FHA program with only a 620 low score credit score requirement..... Read More

Warning! USDA Zero Down Program Is Tightening Their Guidelines

July 20, 2015

USDA Loan Warning

I have been warning first time home buyers for the last couple of years that it is getting much tougher to close mortgage loans. First FHA started tightening their underwriting guidelines and increased their mortgage insurance premiums which raised your monthly mortgage payment. Now, USDA is following suit and I have noticed that their underwriting is getting stricter and they are raising their annual premium again which means higher payments to you..... Read More

USDA Zero Down Home Loan

June 29, 2015

Jerry Tribuzio

If you are a first time home buyer who is looking to buy a home in a rural or country area then the USDA Rural Development Guaranteed Housing Loan Program may be the ticket to homeownership. This program only requires a 640 minimum credit score and the seller can pay the closing costs.... Read More

NO Mortgage Insurance Program Reduces Mortgage Payment

June 9, 2015

Jerry Tribuzio

PMI is an insurance policy provided by private mortgage insurers to protect lenders against loss if a borrower defaults. Most lenders require PMI for loans with less than 20% down payment. The NO PMI or no private mortgage insurance program can save you a lot of money on your mortgage payment by eliminating the monthly PMI portion of the payment..... Read More