Before you accept the first loan which approves you for your brand new house, consider all your options to ensure that you get the lowest home loan rate possible. Based on the nature of the loan, the type of house which you are applying for or your military status, there may be specialised programs which are waiting for you. Here are some of the options.
VA Home Loans
If you are active in the military personnel or if you're a military veteran in Virginia, Vamortgage.com offers special mortgage lending options exclusively to you. No closing costs option, zero down payments and fixed rate of interest are some of the benefits which you are qualified for while applying for your VA Home Loan through Vamortgage.com. Free home loan quotes Currently, the military specialised company is offering 4.265% APR for a 30-year fixed rate mortgage home loan upon approval. Free home loan quotes are available on the website by providing your name, email address, phone number and five easy questions to answer. You can also apply for approval online or by calling on 888-256-5387.** Refinance Home Mortgage Lendingtree.com is a mortgage approval site, specialised in home refinance. It is one of the most popular refinance online sites, often undercutting other refinance companies. Their unique lookB4Ulock program promptly gives a second opinion to what your mortgage rate could be with LendingTree if you already have a loan offer on the table. This tool is helpful. However, choosing LendingTree first may be a better option, as they offer home refinance rates as low as 2.65%, which could save you thousands of dollars over a 15 or 30-year span. Check out their loan finance calculator to help to determine your rate. Visit Lendingtree.com or call 800-555-8733 for quotes. **
First time home loans And FHA
First time home buyer will want to take extra care in choosing their first new home loan. There are first home buyers loans available. However, one recommended site is the Hud.gov (buying/comq.cfm), a detailed Frequently Asked Questions site which can educate you on the home buying process first.
Once you have learned the basics, check out Firsthomebuyers.net to compare home loans. This site offers 0-5% down, underwrites funds and closes the loan, and assists with FHA loans and FHA refinance as well ***. FHA stands for Federal Housing Administration which is a US government agency. In addition to providing loans, the FHA's function is to insure home loan mortgages and to stabilise the real estate market. Myfha.net is another great website to apply for a FHA loan.
- * (Vamortgage.com as of 01.07.11)
- ** (Lendingtree.com as of 01.07.11)
-*** (Firsthomebuyers.net as of 01.07.11)