• FHA—An FHA mortgage is a great program for buyers. Its advantages are a low down payment without private mortgage insurance. The lender process can be streamlined, with no appraisal and reduced loan documentation to qualified applicants. • VA—A VA Mortgage offers many benefits, including no down payment and lower interest rates. • USDA—These are only available in certain areas deemed “rural” by the United States Department of Agriculture. Surprisingly, many properties on the outskirts of a metro area will qualify for these loan programs. The advantages of a USDA Mortgage are lower interest rates and zero down payment. Knowing which program to choose can be daunting. Because mortgage lenders are familiar with all of these different programs, they can explain your options and help you pick the best one for your needs. Once pre-approved, they can issue you a letter showing the seller, you are a qualified buyer for their home. Being pre- approved is not an option, it is your ticket to get into the game. This is a free service. At no time are you under any obligation to use that lender for your mortgage. Mortgage lenders fees and rates will vary and you can "shop" for options.
Union Home Mortgage Michael Humphrey
Landmark National Bank
Ricky Marquez 785-587-5261
913-538-4438
Fairway Independent Mortgage Prime Lending - MHK Lynn Devine Susanna Ruder 785-375-6432 785-560-3011
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