News for Prescott AZ - AmericanTowns.com

Friday, August 19, 2011

A Message From Theron Wall

 

 

This is not the opinion of Brad Bergamini, Realty Executives Northern Arizona or any of its affiliates.  This post is for informational purpose only and is not guaranteed and does not render as legal advice.  Buying and selling Real Estate in Arizona or Prescott Arizona is a serious task and should be consulted with personally with Realtor or Real Estate Attorney.  Please visit my website for contact information

http://bradbergamini.com or http://everythingprescott.com

 

 

Your Home Team Newsletter from Theron Wall

Wallick & Volk Mortgage

Theron Wall

Theron Wall
Sr. Mortgage Consultant
1575 Plaza West Drive, Suite C
Prescott, AZ 86303
Office: 928.445.8730
Fax: 928.445.1065
Cell: 928.533.7473
my website

Conventional vs. Government Loans

FHA, VA, and RHS mortgages are government loans.
All other mortgages are conventional loans.

FHA loans are administered by the Federal Housing Administration (FHA), part of the U.S. Dept. of Housing and Urban Development (HUD). FHA administers mortgage loan programs with lower down payment requirements that are easier to qualify for than conventional loans. FHA loans can't exceed the statutory limit. The loans are made by private lenders and insured by FHA. FHA loans are attractive to first-time home buyers, lower-income borrowers, and those with limited down payments.

VA loans are also made by private lenders, but are guaranteed by the U.S. Dept. of Veterans Affairs (VA). This guarantee allows veterans and service personnel to obtain a home loan with favorable terms and usually without a down payment. It's easier to qualify for a VA loan than a conventional one, but lenders generally limit the maximum amount. The VA determines your eligibility, but you still apply to private lending institutions.

RHS loans are guaranteed by the U.S. Dept. of Agriculture for rural properties. Let us help you determine if you qualify.

Conventional loans are either conforming or non-conforming. Conforming mortgages offer a lower rate, but must conform to certain maximum limits and guidelines. Non-conforming,
jumbo mortgages are for amounts above the conforming loan limits and have a higher interest rate.

If you'd like more information about any of these loans for your home purchase or refinance, please call us or reply to this email. We're happy to put together the perfect solution for your special situation...and best wishes in this and all your endeavors!


 


This e-mail is an advertisement that was sent to you because of your relationship with Theron Wall. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice or a commitment to lend. Although the material is deemed to be accurate and reliable, there is no guarantee of its accuracy. The material contained in the newsletter is the property of Wallick & Volk Mortgage and cannot be reproduced for any use without prior written consent. Wallick & Volk Mortgage is an Equal Housing Lender. BK 0018295 NMLS #256412


Equal Housing Lender  

 

 

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