08/11/2021
Conventional and FHA are two excellent loan options. Either one can get you into a house with few out-of-pocket costs and a low interest rate.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Some Conventional loans allow low down payment (3%), but there are restrictions to qualify. Often times the downpayment is 5%, but can go as high as 20% if making an investment purchase. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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FHA loans are more flexible about income, credit, and location, but have higher upfront costs.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Ask your lender about Conventional loans and FHA loans.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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A (203k) is unique and important for home buyers that are buying a house that needs repair or modernization.203(k) offers a solution that helps both borrowers and lenders, insuring a single, long term, fixed or adjustable rate loan that covers both the acquisition and rehabilitation of a property. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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My Active Duty Military or Veterans VA loans were created for you. They protect you to support a 0$down payment. ⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Even the most seasoned VA borrowers and real estate agents often don't understand the program's unique benefits and quirks.⠀⠀⠀⠀⠀⠀⠀⠀⠀
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Richardson Real Estate specializes in connecting you with knowledgeable lenders that will provide you with the highest quality service and knowledge. Click the link in bio to get started! ⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀⠀
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