{"id":4890,"date":"2019-09-05T17:42:41","date_gmt":"2019-09-05T21:42:41","guid":{"rendered":"https:\/\/mortgageequitypartners.com\/providence-ri\/?page_id=4890"},"modified":"2024-10-11T14:44:39","modified_gmt":"2024-10-11T18:44:39","slug":"federal-programs-hud","status":"publish","type":"page","link":"https:\/\/mortgageequitypartners.com\/providence-ri\/loan-programs\/government-loans\/","title":{"rendered":"VA\/FHA\/USDA"},"content":{"rendered":"<div class=\"gca-column one-fifth first\"><div class=\"toc\">\n<h4>Table of Contents<\/h4>\n<ul>\n<li><a href=\"#\">USDA Loans<\/a><\/li>\n<li><a href=\"#fha\">FHA Loans<\/a><\/li>\n<li><a href=\"#va\">VA Loans<\/a><\/li>\n<\/ul>\n<\/div><\/div><div class=\"gca-column four-fifths\"><div class=\"gca-column one-half first\"><h2>USDA Loans<\/h2>\n<p>USDA Loans were created to assist borrowers with low to moderate incomes living in rural areas to make homeownership a reality. The goal of this product is to allow lenders to provide financing in rural areas that will allow homebuyers to own adequate, modest, decent, safe, and sanitary homes as their primary residences.<\/p>\n<ul>\n<li>No down payment<\/li>\n<li>Closing costs and reasonable\/customary expenses may be included<\/li>\n<li>Must meet income eligibility requirements<\/li>\n<\/ul>\n<p>To learn more about a USDA loan and to find out if you qualify contact one of our loan officers or USDA.<a id=\"fha\"><\/a><br \/><\/div><div class=\"gca-column one-half\"><script type=\"text\/javascript\">\n\/* <![CDATA[ *\/\nvar gform;gform||(document.addEventListener(\"gform_main_scripts_loaded\",function(){gform.scriptsLoaded=!0}),document.addEventListener(\"gform\/theme\/scripts_loaded\",function(){gform.themeScriptsLoaded=!0}),window.addEventListener(\"DOMContentLoaded\",function(){gform.domLoaded=!0}),gform={domLoaded:!1,scriptsLoaded:!1,themeScriptsLoaded:!1,isFormEditor:()=>\"function\"==typeof 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data-form-theme='gravity-theme' data-form-index='0' id='gform_wrapper_4' style='display:none'>\n                        <div class='gform_heading'>\n                            <h2 class=\"gform_title\">Contact us to see if you qualify!<\/h2>\n                            <p class='gform_description'><\/p>\n\t\t\t\t\t\t\t<p class='gform_required_legend'>&quot;<span class=\"gfield_required gfield_required_asterisk\">*<\/span>&quot; indicates required fields<\/p>\n                        <\/div><form method='post' enctype='multipart\/form-data'  id='gform_4'  action='\/providence-ri\/wp-json\/wp\/v2\/pages\/4890' data-formid='4' novalidate>\n                        <div class='gform-body gform_body'><div id='gform_fields_4' class='gform_fields top_label form_sublabel_below description_below validation_below'><div id=\"field_4_9\" class=\"gfield gfield--type-honeypot gform_validation_container field_sublabel_below gfield--has-description field_description_below field_validation_below 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gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_4_3'>Phone<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/label><div class='ginput_container ginput_container_phone'><input name='input_3' id='input_4_3' type='tel' value='' class='large'   aria-required=\"true\" aria-invalid=\"false\"   \/><\/div><\/div><fieldset id=\"field_4_5\" class=\"gfield gfield--type-checkbox gfield--type-choice gfield--input-type-checkbox gfield_contains_required field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><legend class='gfield_label gform-field-label gfield_label_before_complex' >Are you currently working with a Loan Officer?<span class=\"gfield_required\"><span class=\"gfield_required gfield_required_asterisk\">*<\/span><\/span><\/legend><div class='ginput_container ginput_container_checkbox'><div class='gfield_checkbox ' id='input_4_5'><div class='gchoice gchoice_4_5_1'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_5.1' type='checkbox'  value='Yes'  id='choice_4_5_1'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_4_5_1' id='label_4_5_1' class='gform-field-label gform-field-label--type-inline'>Yes<\/label>\n\t\t\t\t\t\t\t<\/div><div class='gchoice gchoice_4_5_2'>\n\t\t\t\t\t\t\t\t<input class='gfield-choice-input' name='input_5.2' type='checkbox'  value='No'  id='choice_4_5_2'   \/>\n\t\t\t\t\t\t\t\t<label for='choice_4_5_2' id='label_4_5_2' class='gform-field-label gform-field-label--type-inline'>No<\/label>\n\t\t\t\t\t\t\t<\/div><\/div><\/div><\/fieldset><div id=\"field_4_6\" class=\"gfield gfield--type-text gfield--input-type-text field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><label class='gfield_label gform-field-label' for='input_4_6'>Name of Loan Officer<\/label><div class='ginput_container ginput_container_text'><input name='input_6' id='input_4_6' type='text' value='' class='large'      aria-invalid=\"false\"   \/><\/div><\/div><div id=\"field_4_7\" class=\"gfield gfield--type-html gfield--input-type-html gfield--width-full gfield_html gfield_html_formatted gfield_no_follows_desc field_sublabel_below gfield--no-description field_description_below field_validation_below gfield_visibility_visible\"  ><p class=\"small\"><i>Mortgage Equity Partners protects your data and does not resell or share any information submitted to us. 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What makes them attractive for many borrowers seeking a home mortgage is that because they are insured by the Federal Housing Administration, (FHA), the participating lenders, like Mortgage Equity Partners, can offer you a better deal.<\/p>\n<ul>\n<li>Lower down payments<\/li>\n<li>Lower closing costs<\/li>\n<li>Easier credit qualifying<\/li>\n<\/ul>\n<p>FHA loan programs have a down payment option as low as 3.5% of the sale price. FHA loan programs are great for millennial borrowers who may be struggling to pay off student loan debt and other first-time homebuyers who have not been able to save the traditional 20% down payment. FHA loans are available for single-family residences and 1-4 unit properties. There is also an option to make your home more energy efficient by including the costs of energy improvement into an FHA Energy-Efficient Mortgage.<\/p>\n<p>Learn more about FHA loans go to the Department of Housing and Urban Development or contact one of our experienced <a href=\"https:\/\/mortgageequitypartners.com\/providence-ri\/our-team\/\">loan officers<\/a>.<a id=\"va\"><\/a><\/p>\n<h2>VA Loans<\/h2>\n<p>A VA loan is a mortgage loan guaranteed by the Department of Veterans Affairs and provided by a qualified lender, such as Mortgage Equity Partners, to be used by American veterans, current military members serving in US military, reservists and surviving spouses (who have not re-married).<\/p>\n<p>VA loans were created to provide a 0% down payment option for veterans who may not have the required funds to make a traditional 20% down payment. VA loans require no mortgage insurance. Lenders usually require mortgage insurance if you make a down payment that is less than 20%. This is for the protection of the lender in the event that a borrower defaults on their loan. VA loans have flexible guidelines for qualification. All mortgages require an indepth review of specific documentation, an acceptable credit history, and an income that is large enough to cover payments and expenses. VA loans in comparsion to other loan programs tend to be a lot more flexible in these areas. This is due to the fact that the loans are guaranteed by the VA. This loan program was designed to make it easier for our veterans to qualify.<\/p>\n<ul>\n<li>0% down payment<\/li>\n<li>No PMI<\/li>\n<li>Easier qualifying Ratios<\/li>\n<li>Lower minimum credit scores<\/li>\n<\/ul>\n<p>For more information on VA Loans contact, <a href=\"https:\/\/benefits.va.gov\/homeloans\/\" target=\"_blank\" rel=\"noopener noreferrer\">US Department of Veterans Affairs.<\/a><br \/><\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;<\/p>\n","protected":false},"author":1,"featured_media":5065,"parent":4882,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"program","_genesis_custom_post_class":"","_genesis_layout":"full-width-content","footnotes":""},"class_list":{"0":"post-4890","1":"page","2":"type-page","3":"status-publish","4":"has-post-thumbnail","6":"entry"},"_links":{"self":[{"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/pages\/4890","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/comments?post=4890"}],"version-history":[{"count":0,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/pages\/4890\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/pages\/4882"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/media\/5065"}],"wp:attachment":[{"href":"https:\/\/mortgageequitypartners.com\/providence-ri\/wp-json\/wp\/v2\/media?parent=4890"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}