Saturday, September 28, 2019

You can own a home in Houston

Long gone are the days when you could have no muscles to have your own home and
lonely stay with the problem. Times have changed and everything is being made easier for
us to live a comfortable life. Living under your own roof is one of the heartfelt desires for
the people in Houston. Hence, we are glad to inform you that there are many companies
offering different types of low interest home loans in Houston. The following are just
examples of the most common low interest home loans offered by different companies in
Houston. 



Federal Housing Administration (FHA) home loans
Customer friendly down payment of 3.5% down
Soft qualifications needed
Admirable interest rates
Rehab loans readily available
You can qualify even if you have higher debt to income
Conventional Home loans
Low down payment of 3% down 
More friendly PMI compared to FHA loans
Low interest rates with validated scores
Free from lender fees.
Offered by private investors
VA home loans
Free from mortgage insurance for Veterans
Closing costs cheaper
100% financing for Veterans
Low rates that you can find no other for a government loan
Very easy to qualify
Just the best option for veterans
USDA home loan
100% financing for rurales
Reduced interest rates
Cheap mortgage insurance cost
One has to qualify for income and home location
Ideal for those with a desire to embrace country living
Jumbo home loans 
80% loan to value
Fixed rates offered
Arm options available
Reserves are also required
Primary and 2nd homes options


Reverse Mortgage
No monthly mortgage payments required
Cash-out options available
Money is Tax free
Credit score requirements not needed


Mortgage Refinance
Reduce monthly payment
Shorten mortgage term
Cash-out debt consolidation
Streamline options
The individual characteristics of the different types of loans vary depending on the type of
company and the ones we have presented you are just common to most but not all mortgage
lending companies.
We are just here to educate on the types of low interest home loans available in Houston for
you to make an informed decision in case you need a home. However, there is more you need
to know about acquiring the loans. For instance, there are fixed loan interest rates and also
adjustable loan interest rates.
There are different types of fixed loan interest rates, the most common ones being 30-year
fixed interest rates and 15-year interest rates. There are also a variety of options for adjustable
loan interest rates. They all vary depending on the company offering the home loans. You can
learn more about them when you are in need of a home loan.

Do not suffer when you are in deep need of a home neither should you take a home loan when
you really don't need it. Choose wisely!!!

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