There are several programs out there for qualified buyers to help with down payment and closing costs associated with a real estate purchase.  There is also a 100% Financing Option for qualified buyers!  Take a Look at the Info on this page.  If you have any questions contact your local bank's mortgage department, a local mortgage professional of your choice, or one of these fine professionals listed below.

Berry Feagin, Mortgage Consultant                              

1st Choice Mortgage                                                 

Email:  BerryF@1choicemortgage.com                    

Office:  803-905-3205                                                

Cell:  843-598-4102

Apply Online:  http://www.1choicemortgagesumter.com/ApplyOnLine?lo=Berry+Feagin199790 
 

Remember, you have the right to choose your preferred lender. 

This program allos the buyer to purchase a home with 3.5% of the purchase price as down payment.  These loans carry low interest rates.  However, you will have to pay MI or mortgage insurance.  You can have a family member gift you the down payment!  This is a fixed rate mortgage and the Seller can assist in paying some of your closing costs and prepaids.  These loans are the easiest types of loans you can qualify for and they have some the most flexible requirements.

The VA Home Loan Program is available for retired, disabled, or active duty that have eligible VA Benefits.  It allows qualified buyers to purchase a home with no money down and no PM (mortgage insurance).  You must have a vaild Certificate of Eligibility.  To request your Certificate, go to  http://www.homeloans.va.gov/.  You can also request your mortgage lender apply for your Certificate. 

Rural Development Financing is financing that is available to qualified buyers, who meet required income limits for the county they wish to purchase a home in.  The home's location must qualifiy for RD Zoning.  Click on the link below to put in the property address of the property you are interested in to see if it qualifies for for the 100% Program.  If the property does qualify, contact your preferred mortgage professional or one of the lenders listed on this page to get pre-approved for a morrtgage.  Once you are pre-approved, give me a call and we can go look for your new home TODAY!

USDA Proprety Location Eligibility Map

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?pageAction=sfp&NavKey=property@11

USDA Rural Development Home Page

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?NavKey=home@1

FHA State Housing is a program designed to give you the low interest rates and confidence of an FHA mortgage and to assit with the 3.5% down payment needed to secure the purchase of a home.  There are income limits and a minimum credit score of 620 to qualify.  The assistance amount is now $5000 - $4000.  For more info, contact your mortgage professional or one of the professionals on this page.