Veterans Administration (VA) loans help qualified veterans buy, build, repair, retain, or adapt a home for their own personal occupancy. The VA guarantees a portion of the loan, enabling us to provide more favorable terms and rates.
- For qualified veterans
- No down payment
- Seller may pay all closings costs
- Simplified refinance options
- Generous credit guidelines
- Flexible income guidelines
We also offer a variety of USDA Rural Development loans, each designed for a specific purpose. Rural areas can benefit from these federal programs, designed to stimulate growth in our economy. Come see us and ask for more information.
- Special federal USDA loans for qualified borrowers
- Low, competitive rates
- No down payment
- Flexible credit guidelines
- Can help save money on lending costs
- Creates easier access to qualify for loan
- Must be in designated rural area
- Local service from Quoin Financial Bank
- Income restrictions apply
FHA Loans are a great fit in certain situations. They make it easy to buy property with a small down payment that can be gifted to the borrower. FHA guarantees the loan, enabling us to provide more favorable terms and rates than one might qualify for on a conventional loan.
- Less challenging credit requirements
- Smaller down payment
- Can be gifted the down payment
- Friendlier debt ratios
- Sometimes assumable
- Potentially better interest rate
