USDA, FHA, and VA are government loan programs that offer the borrower lending solutions with little or no money down. 

RURAL HOUSING USDA

100% loan-to-value Up to 6% seller contribution allowed
No down payment required 30-year fixed rate
No cash reserves required Purchase only
One-unit primary residence  Home must be located in HUD rural area
Maximum county income limits apply InFirst Bank is not acting on behalf of, or at the direction of the VA, FHA, USDA or Federal Government
Minimum FICO = 640 (may consider lower FICO with compensating factors)  

FHA LOAN

15 or 30 year term, fixed No reserves for 1 to 4 unit properties
96.50% loan-to-value allowed for purchase transactions 100% gift from family member allowed for down payment
Single-family, 2-4 units PUD condos & manufactured homes Owner-occupied primary residence
97.75% for rate & term refinance 85% loan-to-value for cash-out
Minimum FICO = 620 InFirst Bank is not acting on behalf of, or at the direction of the VA, FHA, USDA or Federal Government

 


VA LOAN

15, 20 & 30  year terms, fixed Loan-to-Value up to 100%
No down payment required as long as sales price does not exceed appraised value No private mortgage insurance required
Purchase, rate, term & cash-out refinances available Closing costs may be paid by seller
Borrower must have a valid Certificate of Eligibility InFirst Bank is not acting on behalf of, or at the direction of the VA, FHA, USDA or Federal Government

 

Contact a customer service representative today to see if one of these programs is right for you!