
Financing Options for Home Buyers
Choosing the right financing option is crucial for home buyers. With various options available, understanding each can help buyers make informed decisions.
Conventional Loans
Conventional loans are not insured by the government and typically require a higher credit score. They offer flexibility in terms of loan amounts and repayment terms.
FHA Loans
FHA loans are government-backed and designed for low-to-moderate-income buyers. They require a lower down payment and are more accessible for those with less-than-perfect credit.
VA Loans
VA loans are available to veterans and active-duty military members. They offer favorable terms, including no down payment and no private mortgage insurance (PMI).