Pine Island (Brooksville, FL)
By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
  Which Government Backed Home Loan Is Best Suited For Purchasing My New Home? If you want a loan with a No Money Down Option then you must be a veteran or you must purchase a home in a HUD Approved Area for Rural Housing. The VA and USDA Loan are the only type loans that offer the No Down Payment Option for buying a home. The FHA loan is the most popular type loan at this time because the down payment requirement is only 3.5% compared to the Conventional Loans which require 5% down. Both require the added cost of Mortgage Insurance any time less than 20% down is used. The VA and USDA Loans do not require mortgage Insurance but have a funding fee that is financed into the loan. The USDA funding fee is currently 3.5% but expected to rise with the growing number of defaults. The VA fundin...
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By Jim Poole, Zero Down, USDA Purchase Loans, FHA 203(K) Rehab & VA Streamline Loans
Pasco County Florida Veterans Home Loan Programs Top Ten Reasons To Use a VA Loan to Buy Your Next Home  1. Nationally there was 1 VA loan funded for every 6 FHA loans in 2010 2. No Lender Fees 3. Credit Scores as LOW as 620! 4. 100% Financing (No Down Payment Required) 5. Cash Out Refinance up to 90% LTV 6. Loans are Assumable 7. No PMI 8. Rules prohibit Originators from charging more than 1% Origination Fee 9. Buyers can receive CASH-BACK at closing for their Out-of-Pocket Expenses and Earnest Money Deposit 10. Tens of Thousands of Veterans and Enlisted Men and Women Living in Florida. For more Information on Resources for Veterans Visit: THE VETERANS RESOURCE CENTER For More Information on Other Government Loan Programs Visit: Government Loan Programs FHA,USDA,VA    
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Brooksville, FL Real Estate Professionals