{"id":260,"date":"2017-03-30T18:36:14","date_gmt":"2017-03-31T01:36:14","guid":{"rendered":"http:\/\/lush-goat.flywheelsites.com\/?page_id=260"},"modified":"2017-05-05T09:21:43","modified_gmt":"2017-05-05T16:21:43","slug":"loan-programs","status":"publish","type":"page","link":"https:\/\/accelmortgage.net\/index.php\/loan-programs\/","title":{"rendered":"Loan Programs"},"content":{"rendered":"<div class=\"row clearfix\">\n<div class=\"box two-three \">\n<div data-rt-animation-group=\"group\" class=\"rt-toggle small _full\"><ol><li class=\"open\" data-rt-animate=\"animate\" data-rt-animation-type=\"fadeInDown\">\n<div class=\"toggle-head\">\n<div class=\"toggle-number\"><span class=\"icon-ok\"><\/span><\/div>\n<div class=\"toggle-title\">Fixed Rate and Adjustable Rate Loans<\/div>\n<\/div>\n<div class=\"toggle-content fluid\">\n<ul>\n<li>A fixed rate loan is a great choice if you are planning on being in your for a number of years.<\/li>\n<li>An adjustable rate mortgage (ARM) might be a good option to boost your purchasing power when you plan to stay in the home for just a few years.<\/li>\n<\/ul>\n<\/div>\n<\/li>\n<li data-rt-animate=\"animate\" data-rt-animation-type=\"fadeInDown\">\n<div class=\"toggle-head\">\n<div class=\"toggle-number\"><span class=\"icon-ok\"><\/span><\/div>\n<div class=\"toggle-title\">Conventional<\/div>\n<\/div>\n<div class=\"toggle-content fluid\">\n<ul>\n<li>Whether fixed rate or adjustable rate, a conventional loan provides great rates, flexible down payment options and low closing costs.<\/li>\n<li>There are conventional programs for down payments of 20%, 10%, 5%, 3% and as low as 1% down \u2026 and anywhere in between.<\/li>\n<\/ul>\n<\/div>\n<\/li>\n<li data-rt-animate=\"animate\" data-rt-animation-type=\"fadeInDown\">\n<div class=\"toggle-head\">\n<div class=\"toggle-number\"><span class=\"icon-ok\"><\/span><\/div>\n<div class=\"toggle-title\">VA<\/div>\n<\/div>\n<div class=\"toggle-content fluid\">\n<ul>\n<li>These loans are guaranteed by the U.S. Department of Veterans Affairs (VA)<\/li>\n<li>No down payment required<\/li>\n<li>No monthly mortgage insurance<\/li>\n<li>VA loan rates are usually more competitive than with other loan programs because the lenders assume less risk due to the backing by VA so they are a little more flexible with their pricing.<\/li>\n<li>VA loans are easier to obtain because the qualification standards are less strict \u2026 again, due to the VA assuming some of the risk, the lenders are more flexible with their qualification guidelines.<\/li>\n<\/ul>\n<\/div>\n<\/li>\n<li data-rt-animate=\"animate\" data-rt-animation-type=\"fadeInDown\">\n<div class=\"toggle-head\">\n<div class=\"toggle-number\"><span class=\"icon-ok\"><\/span><\/div>\n<div class=\"toggle-title\">FHA<\/div>\n<\/div>\n<div class=\"toggle-content fluid\">\n<ul>\n<li>These loans are insured by the Federal Housing Administration<\/li>\n<li>Down payment as low as 3.50%<\/li>\n<li>There is monthly mortgage insurance required on these loans which protects the lender from loss in case the borrower defaults on the loan.<\/li>\n<li>FHA loan rates are usually more competitive than with other loan programs because the lenders assume less risk due to the backing by FHA so they are a little more flexible with their pricing.<\/li>\n<li>FHA loans are easier to obtain because the qualification standards are less strict \u2026 again, due to the FHA assuming some of the risk, the lenders are more flexible with their qualification guidelines.<\/li>\n<\/ul>\n<\/div>\n<\/li>\n<li data-rt-animate=\"animate\" data-rt-animation-type=\"fadeInDown\">\n<div class=\"toggle-head\">\n<div class=\"toggle-number\"><span class=\"icon-ok\"><\/span><\/div>\n<div class=\"toggle-title\">USDA<\/div>\n<\/div>\n<div class=\"toggle-content fluid\">\n<ul>\n<li>These loans are issued through the United State Department of Agriculture (USDA) loan program.<\/li>\n<li>No down payment required<\/li>\n<li><u><\/u>The mortgage insurance requirement on a USDA loan is much lower than for FHA and conventional loans.<\/li>\n<li>There are household income caps for this program.\u00a0 See if you meet the <a href=\"https:\/\/www.rd.usda.gov\/files\/RD-GRHLimitMap.pdf\" target=\"_blank\">income eligibility<\/a>.<\/li>\n<li>There are location restrictions so if you have an address in mind, check to see if the property is an <a href=\"https:\/\/eligibility.sc.egov.usda.gov\/eligibility\/welcomeAction.do?pageAction=sfp&amp;NavKey=property@11\" target=\"_blank\">eligible address<\/a>.<\/li>\n<\/ul>\n<\/div>\n<\/li>\n<\/ol><\/div>\n<\/div>\n<div class=\"box three \">\n<p><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-303 size-full aligncenter\" src=\"https:\/\/accelmortgage.net\/wp-content\/uploads\/2017\/03\/accel-mortgage-olympia-washington-4th-ave.jpg\" width=\"576\" height=\"392\" srcset=\"https:\/\/accelmortgage.net\/wp-content\/uploads\/2017\/03\/accel-mortgage-olympia-washington-4th-ave.jpg 576w, https:\/\/accelmortgage.net\/wp-content\/uploads\/2017\/03\/accel-mortgage-olympia-washington-4th-ave-300x204.jpg 300w\" sizes=\"auto, (max-width: 576px) 100vw, 576px\" \/><\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-305 aligncenter\" src=\"https:\/\/accelmortgage.net\/wp-content\/uploads\/2017\/03\/accel-mortgage-olympia-washington-house-outline-2.jpg\" alt=\"\" width=\"392\" height=\"177\" srcset=\"https:\/\/accelmortgage.net\/wp-content\/uploads\/2017\/03\/accel-mortgage-olympia-washington-house-outline-2.jpg 392w, https:\/\/accelmortgage.net\/wp-content\/uploads\/2017\/03\/accel-mortgage-olympia-washington-house-outline-2-300x135.jpg 300w\" sizes=\"auto, (max-width: 392px) 100vw, 392px\" \/><\/p>\n<\/div>\n<\/div>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp;<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":4,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-260","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/accelmortgage.net\/index.php\/wp-json\/wp\/v2\/pages\/260","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/accelmortgage.net\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/accelmortgage.net\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/accelmortgage.net\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/accelmortgage.net\/index.php\/wp-json\/wp\/v2\/comments?post=260"}],"version-history":[{"count":0,"href":"https:\/\/accelmortgage.net\/index.php\/wp-json\/wp\/v2\/pages\/260\/revisions"}],"wp:attachment":[{"href":"https:\/\/accelmortgage.net\/index.php\/wp-json\/wp\/v2\/media?parent=260"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}