|Types of Loans || CONVENTIONAL ||VA ||FHA ||USDA
||Valid Social Security Number
||Veteran or Active Duty Military
||Legal US Resident with Valid SS Number
||US Citizen or Permanent Alien
||Varies by Lender, most require 660 minimum
||Most Lenders require a 620 Credit Score and a clean 12 month credit history
||Most lenders require a 620 min. credit score and a clean 12 month credit history
||Most Lenders require a 660 minimum credit score
|Down Payment Requirements
|Additional Requirements/ Info
||12-month work history required, lenders also examine assets.
||Honorable Discharge required, 2-year work history, VA Streamline reﬁnance makes reﬁnancing easy.
||2-Year work history Required, Non-Occupying Co-Borrower Allowed.
||Property must be in rural area, No credit waiver necessary if score is > 620.
|Is this Loan Right for You?
||If you have great credit and money to put down, a conventional is a good way to go.
||For Veterans and Active Duty personnel, VA Loans are ideal as they offer low interest rates and no down payment.
||For 1st Time Home buyers, low down payment and relaxed credit guidelines, FHA is a great option.
||For Zero- Down, Rural housing, USDA is a great option.
|Would you be eligible for the Loan?
|No Credit Check, No SSN, No Obligation Quotes from Leading Lenders