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Part III: Learn About your Home Mortgage Options
from: Mark Mathis
VA-Guaranteed Loans
If you are a veteran of military service, reservist, or on active military duty, you may be able to obtain a loan guaranteed by the Department of Veterans Affairs (VA), which requires little or no downpayment. Get more information about the VA Loan Guaranty program.
Rural Housing Service Loans
The Rural Housing Service (RHS), which is a part of the US Department of Agriculture, offers Section 502 Direct and Guaranteed Rural Housing loans to homebuyers located in rural areas. Section 502 Direct loans offer reduced interest rates to lower-income borrowers who qualify, and are arranged directly through local USDA County Agents or through USDA Rural Development state offices.
A limited amount of funding is available for Section 502 Direct loans, so some lenders also offer “Leveraged Loan” programs. Leveraged loans combine a Section 502 Direct loan that carries a low interest rate with a conventional, market-rate loan. The “blended” interest rate on the resulting loan is lower than the current market rate as a result of the combination of the rates on the two loans.
The Section 502 Guaranteed Rural Housing Loans are arranged through participating local lenders and are available to a broader range of borrowers. Click here to find out more about RHS loan programs.
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Be sure to read Part IV of this article at:
http://www.houseplancentral.com/articles.php?id=16
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About the author:
Mark Mathis is a building designer and publisher of several stock house plan websites and informational resources including http://www.HousePlanCentral.com,
http://www.HousePlanGallery.com, and http://www.moneytalks-bswalks.com. Be sure to visit each site and subscribe to our eNewsletters to receive special offers, promotions, and subscriber-only features.
Current Home Mortgage Interest Rates Arkansas News
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CEO, Garret Puckett, Proudly Announces the Recently Launched VA Loan Websites ... - San Francisco Chronicle (press release)
CEO, Garret Puckett, Proudly Announces the Recently Launched VA Loan Websites ... San Francisco Chronicle (press release) Garret Puckett, the CEO of Security America Mortgage, Inc. Proudly Announced the New Release of VA Loan State Specific Websites for Veterans Purchasing a Home in North Carolina, Texas, Florida, Louisiana, Colorado, California, Arkansas, and Oklahoma! |
2011 home sales up in Northwest Arkansas, Fort Smith area - The City Wire
 The City Wire | 2011 home sales up in Northwest Arkansas, Fort Smith area The City Wire Record low interest rates and improving consumer confidence did little to spur home sales in December across Washington and Benton counties. Agents sold 394 homes in December, down 13.2% from a year ago, according to MountData. |
Arkansas Homeowners See Flood Insurance Rates Skyrocket - OzarksFirst.com
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BOK Financial Reports Earnings of $286 Million for 2011 - MarketWatch (press release)
BOK Financial Reports Earnings of $286 Million for 2011 MarketWatch (press release) Net interest margin was 3.20% for the fourth quarter of 2011 compared to 3.34% in the third quarter. Increased premium amortization and cash flows reinvested at lower current interest rates combined to reduce the securities portfolio yield. |