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We are here to guide you!Home Loan Programs
It is important to know which is the best home loan program. Here you will find the most popular home loan programs. You can click on any one of them to prequalify.
The market is saturated with information and many programs that look similar but have different conditions. We can help you choose the best one for your specific situation and needs. We are members of the National Association of Realtors® and many other local Realtor® associations.
I am lucky to have found someone like Bayou Vista Realty to help me and my family get into our home. They are an awesome team to work with, thank you so much!
Some Home Loan Programs Available
The FHA loan program is guaranteed by the U.S. Government through the Federal Housing Administration and can only be done by select financial institutions.
An FHA home loan program is an attractive option when purchasing a home, specially if you are a first time home buyer.
- DOWN PAYMENT: 3.5%
- DOCUMENTS: PROOF OF INCOME, TAXES, STABLE WORK HISTORY
VA loans are designed to offer long-term financing to American Veterans. VA mortgage loans are issued by federally qualified lenders and are guaranteed by the “U.S. Department of Veterans Affairs ”. If you are a direct family member of a veteran you may also be able to take advantage of this program.
- DOWN PAYMENT: 0% (If disabled)
- DOCUMENTS: PROOF OF INCOME, TAXES, STABLE WORK HISTORY
Conventional loans are loans that meet the requirements of Fannie Mae and Freddie Mac. Approximately 35-50% of all mortgage loans are conventional. In other words, the Fannie Mae and Freddie Mac companies, which are sponsored by the federal government, guarantee the purchase of 35-50% of all mortgages. Conventional loans may also carry adjustable interest rates.
- DOWN PAYMENT: 3-5%
- DOCUMENTS: PROOF OF INCOME, TAXES, STABLE WORK HISTORY
We are a team that takes the time to understand our clients. Mistakes can happen anytime when you are not aware of the process. That is why we explain everything clearly so that your decision is based on understood processes.
We can give you free guidance regarding your specific situation. Our office is on Clay Rd. and Highway 6 N very close to I-10. We can also talk over the phone or we can meet closer to your location. Call us now at 281-819-0028 for more info.