LOAN options available to you
(all loan options available zero down with the WSHFC down payment assistance programs for qualified buyers)
we also have a handful of niche loan products, rehab, construction, reverse mortgage loans etc.
FHA Loans
Great for first time homebuyers or buyers working on their credit. This program has a ton of little things it accepts to help get you into your new home. The program is managed by a department of the Federal Government and has monthly mortgage insurance for the life of the loan (unless you put 10% down), this is a result of the higher risk of buyers it allows.
Co-signer allowed
Approved right out of school
No credit score needed
Conventional
Great for buyers with established credit and job history. This program can avoid mortgage insurance and if it starts with mortgage insurance it will have a seasoning time and fall off. Fannie Mae OR Freddie Mac manages this program, they are corporations that buy loans from lenders then sell to investors via Wall Street.
Great for all buyers with stronger credit or larger down payment
flexible mortgage insurance options
USDA
Zero down loan option with restricted locations and annual household income amount. This program collects a monthly “fee” which is often referred to mortgage insurance on other loan types. This program is managed by the department of Agriculture.
Great for families to get into their home with nothing down
flexible approval options
VA
Military Service members & families active or discharged can utilize this amazing zero down loan with no monthly mortgage insurance. This program had tons of flexibility for the buyer and the loans are guaranteed by the federal government.
Great for families to get into their home with nothing down
Flexible with credit scores with low rates and no mortgage insurance