The Real Estate Browser Volume 10, Issue 9 | Page 14

14 — Say you saw it in The Real Estate Browser of Lynchburg — Volume 10 Number 9 www.LynchburgRealEstateBrowser.com 100% Financing? Yes! We Have That! By Sherry Brady, Branch Manager, Apex Home Loans, Inc. If you’re a first-time homebuyer NMLS #217258 Cell [phone] [email protected] and haven’t had the opportunity ing counties, that limit is $314,827. You must have to save much for a down payment 3.5% down for this loan, but Gift Funds are allowed. on a home yet, but want to buy, This loan is the most forgiving of lower credit score, we have loan options that will help make that dream come true! There are multiple loans we can offer which provide 100% financing of the purchase price of your dream home. USDA loans are excellent loans if you meet the qualifications. there is a loan limit. For Lynchburg and surround- They provide financing for 100% of the purchase price. You don’t have to be a first time homebuyer, but you can’t own any other prop- erty after this loan closes, and there are restrictions on where your home can be located. There are also household income limits in order to qualify for this loan. Your lender can determine whether the home you want is in an eligible area and make sure that your credit and income are eligible, but this is an excellent loan option if you qualify for it. VHDA loans can also provide 100% financ- limited credit, and past credit issues. FHA also has a Renovation loan called a 203K. VA loans are specifically for Veterans with qualify- ing service time. A VA loan provides for financing of 100% of the purchase price. If you’re a disabled vet, you are exempt from the funding fee, and a tremen- dous benefit of all VA loans is that there is no month- ly mortgage insurance on this type of Mortgages gen- erally fall into two broad categories: Conventional or Government. Rates remain extremely low, and our housing market is still very active! Are you ready to get pre- approved? Don’t need 100% financing? We have vir- tually every loan program to serve you; so, whether you need 100% financing, or have 20% or more to ing using VHDA’s Plus 2nd loan option. This put down, we can help! With Conventional, VA, Plus loan can be combined with an FHA loan or a FHA, USDA, VHDA, Renovation & Construction Conventional loan to make up 100% financing of the loan options, Apex’s highly qualified and experi- purchase price. It can be used to buy a home any- enced team is ready to help you! Go online to www. where in the state of Virginia, but there are income, sales price, and acreage limits. You must also be a first-time homebuyer to use this program. In addi- tion to the Plus loan program, VHDA also has a grant program which will allow you to buy a home with just 1% down. FHA loans are the least restrictive. There are no income limits, or restrictions on location, but Usah.co/LREB2 LynchburgLender.com and get to know our team; or call us at 434-237-1027 and let us help you GET MOVING! Apex Home Loans, Inc. NMLS #2884, nmlscon- sumeraccess.org, Equal Housing Opportunity. By Sherry Brady, NMLS 217258, Branch Manager, Summit Mortgage Corporation Usah.co/LREB1