You may also be able to take advantage
of special loan programs for first time buyers to purchase a home with a higher value.
It's good to know that there are
special loan programs out there that actually have pretty good terms for those who can qualify.
Special Loan Programs Check with us for any updates on grant programs or special first - time home buyer programs that come available from time to time.
Homeownership counseling — Virtually all banks offering
special loan programs now work with local nonprofit credit counseling agencies to help them select, prepare, and provide ongoing help to qualified borrowers.
Lenders often have
special loan programs that they keep within the financial institution's portfolio, one of which could meet your individual needs.
So, it is essential for them to know about
these special loan programs.
In this respect, you should have the knowledge about down payment requirements and
special loan programs.
The VA Interest Rate Reduction Refinancing Loan, or the IRRRL, is
a special loan program offered by VA lenders that allow for a homeowner to refinance into a VA loan with a lower rate or to refinance from an adjustable rate mortgage into a fixed rate loan.
I bought my second house through
a special loan program that required me to only put 10 % down.
Special loan programs are available for exactly this situation.
The VA Energy Efficient Mortgage (EEM) is
a special loan program which helps homeowners to finance the cost of a home's energy - efficiency improvements.