Adjustable rates, with conversion options. Saves borrowers money because interest is paid only on unpaid principal balance. Conventional loans can be used in conjunction with NIFA loan programs for first time homebuyers. Competitive fixed and adjustable rates. FHA loans can be used in conjunction with NIFA loan programs.
Borrowers can get into a home for a minimal down payment and closing costs.
The Veterans Administration is a division of the Federal Government designed to assist in the purchase of refinance of a single family dwelling to eligible persons with VA benefits. Purchase price is limited to owner occupied. Short waiting period for processing and approval. Allows borrower lower rates to save money. Allows low to moderate income borrowers to purchase a home.