|
|
|
|
|
| Government Loans |
Insured or guaranteed mortgages are available from almost every level of government. The federal government offers loans through the Federal Housing Administration, the Veteran's Administration, and the Farmers' Home Administration. The state offers first-time homebuyer loans through the Missouri Housing Development Corporation. And the City of Columbia offers low downpayment, low interest loans for first-time buyers--and includes money for repairs in the loan.
There may be some disadvantages to these loans--closing costs may be higher than with conventional loans. Or there may be a payback provision--where any profit when you sell the home is shared with the agency. But they are a blessing for homebuyers with little or no downpayment, or those who don't qualify for conventional loans.
|
|
|
|
218
S. Main Street
P.O. Box 297
New Castle, KY 40050
Office: (502) 845-4400
Toll Free: (800) 939-9724
Fax:
(502) 845-5026
Each RE/MAX office is independently owned and operated. All information
contained herein is provided by RE/MAX Sales Associates. Although
this information is believed to be reliable, neither RE/MAX International
Inc. nor any regional affiliate of RE/MAX International have independently
verified the accuracy of such information and are not responsible
for any misinformation or inaccuracies. Copyright 2008 RE/MAX International,
Inc.
All rights reserved.
|
|
   |
|
|
