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Today I have our preferred lender, Gina Bush, NMLS#119307, and she works at Midland Mortgage Corporation, NMLS# 66708 (www.midlandmortgagecorp.com). She has a lot of different loan programs that she can offer you, and that's what she's here to talk about.
There is an FHA Loan and a State Housing Loan that require low down payments and work very well for first-time home buyers. There is also down payment assistance available for those loans.
We also have conventional loans that work well for people who have stronger credit. There are also VA loans for anyone who has served in the military, and these come with fantastic benefits (no down payment and no monthly mortgage insurance).
We also have a USDA rural housing loan. This is only available for homes that meet the requirements, so location is important if you wish to get one of these loans. There is no down payment and no mortgage insurance required, but there are some income requirements for this loan.
Another type of loan we have is a construction to permanent loan if you want to build your own home. If you want to buy a home that needs a little work put into it, you can qualify for a rehabilitation loan, which can actually help you pay for the cost of repairs.
As you can see, there are a lot of different loan types that are available to you. If you have any questions about which might benefit you most, please feel free to contact us or you can get into touch with Gina by clicking this link: http://www.midlandmortgagecorp.com/meet-the-team/gina-bush
