Product Overview

Your Product Options You have many options for types of loan, including loan options for veterans, people

Your Product Options

You have many options for types of loan, including loan options for veterans, people looking for homes in rural areas, borrowers who have experienced credit problems in the past, homes in more expensive areas, and homeowners looking to renovate or even build a property. We recommend you look at some of the options, as it may have an impact on what type of home you consider buying.

Conventional

A conventional loan is not issued through a government-insured loan program and offers a good deal in the way of flexibility. It can be used for a second home or investment property, and can save you money on mortgage insurance.

  • Downpayment Required
  • Insurance Required
  • Higher Credit Needed
  • No Residency Restrictions
  • Not Insured
VA Loans

The U.S. Department of Veterans Affairs coordinates a loan program for current and former members of the U.S. armed forces (and some surviving spouses). These loans offer many advantages, including no down payment, no private mortgage insurance, low rates, and flexible underwriting guidelines.

  • No Downpayment
  • Insurance Optional
  • Lower Credit Accepted
  • Primary Residence
  • Government Insured
FHA Loans

If you have limited income or you’ve experience credit problems in the past such as bankruptcies or foreclosures, a loan insured through the Federal Housing Administration might be your best bet. They offer flexibility on criteria like income and credit, and interest rates as low as 3.5 percent.

  • Downpayment Required
  • Insurance Required
  • Lower Credit Accepted
  • Primary Residence
  • Government Insured
USDA Loans

Income-qualified borrowers looking to get loans on homes in U.S. Department of Agriculture-approved rural areas can enjoy a number of benefits through this government-insured loan program. They include no down payment, low interest rates and flexible underwriting guidelines

  • No Downpayment
  • Insurance Required
  • Lower Credit Accepted
  • Primary Residence
  • Government Insured

The AnnieMac Promise

Here at AnnieMac Home Mortgage, we take the time to walk you through the mortgage process and ensure that you are financially ready for a mortgage commitment. Reach out to us today and we will be there for you every step of the way.