Buying a home is hard, everyone knows this. However, it doesn’t have to be the most difficult process you will complete. At Ace Mortgage Loan Corporation, you can have access to many options. If you try to rush the homebuying process, you may miss opportunities that could save you money and make your homeowning experience less stressful. A few home financing options in Delray Beach include the following:
FHA: The number one go-to program for Americans who are purchasing a home for the first time. The Federal Housing Administration offers these loans for those who have credit that is not the best. When you use the FHA, you can qualify for loans with very small down payments.
VA: one of the most generous programs is the U.S. Department of Veterans Affairs. Veterans and their spouses can buy homes with no down payments and low-interest rates. If you or your spouse is a veteran, this option might be best for you.
USDA: without any affiliation with a farm, you can get assistance as a homebuyer. Though rural areas are its target buyers, they are willing to offer 100% financing. Depending on where you live, you may qualify for this loan.
Good Neighbor Next Door: For those who are law enforcement, firefighters, medical technicians, and teachers, you may qualify for 50% off your home. You have access to all the listings online and you must be committed to living in the home for 36 months.
Dollar Homes: the homes that are offered through this financing option have been foreclosed through the FHA. If you are in a financial bind, this could be a great option for you. Make sure to do your homework first, before you purchase.
It is important to note that these are not the only options for home financing. But, the fact of the matter is that there are many options available for those who want to buy a home cheap. Ace Mortgage Corporation has much more information about securing a home financing loan. Please contact us at (954) 777-4774 to find out what loan is right for you in Delray Beach.