No Money Down Home Loans Folsom, USDA Home Loan, VA Home Loan
No Money Down Home Mortgages from Baker Home Loan Team Folsom!
There is the frequently asked question that many potential home buyers have, "Is a down payment always required?" Depending on the type of home financing you are looking for, a down payment is not always needed. No down payment is necessary for a VA or USDA home mortgage.
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| VA Home Loan:The Baker Loan Team offers VA home mortgages as just one of our no money down payment options. The VA home loan is offered to veterans with substantial income and qualifying credit to purchase their primary Folsom residence. Not having a down payment can be an option if the sales price of the home does not exceed the appraised value of the home. The Baker Loan Team strives to provide our honorable veterans with the home they deserve and with the best home mortgage available. The United States Department of Veteran's Affairs issues a guranty on the loan, which ensures that the lender is protected from loan default by the borrower. If you are interested in a VA loan, a certificate of eligibility from the Department of Veterans Affair is required by the lender.
USDA Home Loan:The USDA (United States Department of Agriculture) offers a specialized home mortgage that is available to families with inadequate housing that can afford monthly payments on their mortgage. As part of a government initiative, this USDA housing program issues these home loans for rural development in many part of the US, including Folsom and the surrounding areas. There is an additional criteria of sufficient credit that must be met. The Single Family Housing Guaranteed Loan program has approved lenders that offer the USDA loan that the Baker Loan Team will broker to get you the best home loan possible. The loan terms are for 30 years. |