Mortgage Loan Options



VA (Veterans Adminstration)

  • Up to 100% financing for military veterans, active duty military, or eligible reservists
  • No private mortgage insurance
  • Competitive rates and flexible qualifying guidelines


FHA (Federal Housing Administration)

  • Designed for first time home buyers or borrowers who can’t or do not want to make a large down payment
  • Low down payment – Only 3.5 percent of the sales price is required
  • Have “less than perfect” credit history


FHA 203K (Rehabilitation Lending)

  • Allows repairs on qualified “fixer upper” properties
  • Cash needed for repairs included in loan amount


USDA (United States Department of Agriculture)

  • Designed for people with moderate to low incomes, and it’s intended to help develop rural areas
  • No down payment is required
  • Closing costs may be financed if the home appraises for more than the sales price
  • Income limits and property eligibility is required


VHDA (Virginia Housing Department Authority)

  • Low and zero down payment options available
  • Exclusively designed for first-time homebuyers
  • Income, sales, price, and loan amount limits apply



  • Programs with as little as 3% down
  • Fixed and adjustable rates options
  • 10, 15, 20, 25, and 30 year terms available



  • Get cash out of home to use however you want
  • Lower monthly payments and save by lowering interest rate, mortgage insurance, or extending terms
  • Consolidate debt into one loan with a lower interest rate that you can pay off fast.
  • Pay off mortgage faster by reducing the term
  • Switch from an adjustable rate mortgage to a fixed-rate mortgage and keep payment from rising
Call Now Button