🏡 Thinking about buying a home but not sure which loan is right for you? Let’s break down the 4 most common home loan types so you can make the best decision! 👇👇
💰 FHA Loan – Perfect for first-time buyers! Only 3.5% down with a 580+ credit score. Great if you don’t have a huge down payment saved.
🌾 USDA Loan – Want to live outside the city? If you qualify for a USDA loan, you could buy a home with 0% down in eligible rural and suburban areas!
🏦 Conventional Loan – The go-to for buyers with solid credit! You can get in with as little as 3% down, but 20% down avoids PMI (private mortgage insurance).
🎖 VA Loan – Military or veteran? This 0% down loan with no PMI is one of the best benefits for those who have served! 🇺🇸
📢 Have questions about which loan is best for you? Drop them in the comments! 👇 I’d love to help clear up any confusion!
#HomeBuyingTips #MortgageLoans #FHALoan #VALoan #RealEstateInvesting
Types of Home Loans
🏡 Thinking about buying a home but not sure which loan is right for you? Let’s break down the 4 most common home loan types so you can make the best decision! 👇👇
💰 FHA Loan – Perfect for first-time buyers! Only 3.5% down with a 580+ credit score. Great if you don’t have a huge down payment saved.
🌾 USDA Loan – Want to live outside the city? If you qualify for a USDA loan, you could buy a home with 0% down in eligible rural and suburban areas!
🏦 Conventional Loan – The go-to for buyers with solid credit! You can get in with as little as 3% down, but 20% down avoids PMI (private mortgage insurance).
🎖 VA Loan – Military or veteran? This 0% down loan with no PMI is one of the best benefits for those who have served! 🇺🇸
📢 Have questions about which loan is best for you? Drop them in the comments! 👇 I’d love to help clear up any confusion!
#HomeBuyingTips #MortgageLoans #FHALoan #VALoan #RealEstateInvesting