insurance is not always necessary.
FHA — FHA mortgages are commonly used among first-time home buyers. Combined with down-payment assistance programs, this loan is popular with those buyers having a minimum available for down payments. VA — VA mortgages are a great benefit for Veteran buyers and often are similar to FHA guidelines. Note, there are some guideline restrictions based on the state you're living in and the types of homes that may be purchased. USDA — USDA mortgages provide a low-cost insured home mortgage loan in rural areas. POINTS TO REMEMB O REMEMBER: • If you sign a contract with a potential buyer, you take your home off the market for a time. • While you’re under contract, you run the risk of the buyer’s financing being rejected. You also risk losing other potential buyers. • A better way is to pre-qualify your buyer before you sign a contract. I can help you with that and can even assist your buyer in finding the right source for a loan.
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