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Government Loans-1Rate

Government Loans

Government-backed Loan Solutions

If you're thinking about buying a home, it's important to understand your loan options. You can take advantage of government backed mortgages such as FHA or VA loans. A government-backed mortgage such as these are insured by a federal government agency. In many cases, these government home loan programs make it easier to qualify for a mortgage. At 1RATE, Inc., we can help you determine what type of government home loan is right for you.

Get pre-qualified and have a dedicated Mortgage Professional help you through the home buying process. We can help you find the right loan for your special situation with the best rates.

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FHA Loans

FHA Loans

  • Great for first time home buyers
  • Lower credit scores allowed
  • Low down payments
  • More lenient debt-to-income ratio
  • Lower interest rates
  • Sellers can often contribute to help cover closing costs
VA Loans

VA Loans

The U.S. Department of Veterans Affairs offers this home loan to benefit qualifying veterans, military personnel, and surviving spouses to make it easier to obtain financing to buy a home.

  • In most cases, low or no down payment
  • Lenient credit score and income requirement
  • Typically, you do not need mortgage insurance
  • 15 and 30-year fixed-rate mortgages
  • Loans to first-time buyers and home refinancing

When you are ready to start your application, 1RATE, Inc. will guide you through the process.