Real Estate Financing Options

There are many types of financing available for virtually all credit and income levels. You don't have to have perfect credit or high income to qualify for financing and in many cases, you can have little to no down payment. The following links will give you more detailed information about the different types of financing available as well as some links to lenders that can approve you for a loan online.

Conventional Loans

There are countless lenders who provide great loans for virtually every type of credit and income level families and individuals. Many conventional loans now rival that of FHA loans since lenders are competing for the business. Find out the differnet types of loans and how you can bargain for a better Conventional Loan.

FHA Loans (Federal Housing Administration)

FHA loans are loans given by the government at low costs, low interest rates and come with a great bundle of benfits such as low down payments and protection from over priced homes. First time home buyers especially should read this. Read more about FHA Loans.

VA Loan (Veterans Administration)

This type of loan is only available for military veterans. If you are a veteran and are not familiar with a VA loan, you should definitely read this. There are great benefits for a veteran trying to purchase a home (first home or not). And by the way, thank you for serving our country and protecting our freedom. Read more about VA Loans.

"Rent to Own" or "Option to Buy"

Rent to own and option to buy opportunities are great ways to obtain a home with bad or no credit. However, there are downfalls to this type of financing which you should read more about atRent to Own and Options to Buy.

Seller Financing

In some cases of bad or little credit where a loan is hard to get or you do not meet the minimum requirements for a loan, a seller may be willing to finance a down payment, part of the loan amount or finance your home purchase completely. Read more about seller financing.

Refinancing

If you have been considering refinancing or would like to know the benefits of refinancing, read more here about Refinancing.

Eliminating PMI (Private Mortgage Insurance)

PMI is what you pay for Mortgage Insurance if you do not have a 20% down payment. Lenders require PMI for protecting them in your loan but you can eliminate PMI in several ways by reading about Eliminating PMI.