September 30, 2014
FHA/VA Financing - Top Ten
Recently, Kevin Dunn, Sales Manager with 1st Portfolio Lending, visited with the exclusive buyer’s agents at Buyer’s Edge to update them on the latest developments with FHA/VA financing. With loan money loosening up under new and improved federal guidelines, FHA and VA loans offer many positives for both buyers and sellers of residential real estate in the Washington, DC metro area and Baltimore, MD region. Here are Kevin Dunn's Pro's and Con's!
TOP TEN REASONS TO LOVE FHA LOANS
- Low down payment – 3.5%
- Gift funds allowed for 100% of down payment
- Credit scores down to 580
- Loan amounts up to $625,000.
- More aggressive underwriting guidelines
- Include home improvements up to