FHA Mortgage Loans are insured by the Federal Housing Administration to protect FHA-approved lenders and minimize their risks. Buyers benefit from lower down payment requirements, lower mortgage insurance premiums, better interest rates, and more liberal credit histories.
A loan option that lets you build your dream home and purchase the land, all with just one loan process! Consider a One-time Close Construction Loan with AmeriFirst. This construction loan is a 30-year, fixed rate, USDA Rural Development (RD) construction to permanent mortgage. Down payment as low as 0%
Homebuyers with good credit and enough funds to handle a larger down payment are ideal candidates for a Conventional Mortgage Loan. Buyers putting down 20% or more are not required to get private mortgage insurance, and Conventional Loans include NO Upfront Mortgage Insurance payments.
Veterans Affairs (VA) home loans are available to service members, veterans, and eligible surviving spouses. They provide a home loan guaranty benefit and other housing-related programs to help buy, build, repair, retain, or adapt a home for personal occupancy. VA home loans are provided by private lenders, such as banks and mortgage companies. VA guarantees a portion of the loan, enabling the lender to provide more favorable terms.
*Down payment and terms shown are for informational purposes only and are not intended as an advertisement or commitment to lend. Please contact us for an exact quote and for more information on fees and terms. Not all borrowers will qualify.