My Lending Network specializes in delivering advantageous government loan products and providing solutions for customers seeking flexible credit qualifying requirements with low out-of-pocket costs. Today, the best loan products for someone with perfect or even bad credit are government insured home loans. VA, USDA and FHA first time home buyer programs offer $0 down / low down payments, low interest rates and relaxed credit standards. In some cases we can approve buyers with less than a 585 FICO score.
Government backed loans are easier to qualify for and require less money down that conventional loans.. VA and USDA loans are currently the best way to buy a home, and the only mortgage with zero down payment required. HUD / FHA only requires a 3.5% down-payment ($0 down is also available if you have been affected by a FEMA disaster). This program allows the downpayment funds to come from family, friends, a 401k or from a housing grant. Unlike conforming loans, these programs also accept borrowers with fair/bad credit.
My Lending Network Team, Southwest Funding LP 1110 N Loop 336 W Ste 400, Conroe, TX 77301
Southwest Funding, LP (Branch NMLS #303417) is an equal housing lender. This is not a commitment to lend or extend credit. Programs, rates, terms and conditions are subject to change without notice. Terms and conditions apply. All rights reserved. Contact us for details. Consult your accountant about tax deductions. “NMLS Consumer Access”