FHA loans bring home ownership into reach for buyers who might have a hard time getting approved with conventional lenders. These loans are not right for everybody, but they have several appealing features:
Conventional mortgages aren't federally guaranteed. Down payments can be as low as 3% but qualifications are tougher than for FHA and other government home loans.
This is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). It is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses.
"Mike was recommended to us by our mortgage broker as one of the best real estate agents he's ever worked with, and that if we followed his advice we'd have a home in no time. We called Mike after we had been pre-approved and he responded to our call right away and met up with us the next day. We had a very specific price range we were looking for and Mike never tried to persuade us out of it, which we really appreciated. We were looking for a condo in the North Hollywood/Burbank area but Mike also sent us listings for Glendale and Sherman Oaks which we had never considered. After letting Mike know which listings we were interested in, Mike took us to look at three of them. We fell instantly in love with the second condo we looked at in Sherman Oaks (the area Mike recommended, that we had never considered), but we were sure our offer would never be accepted since we could only afford a little over the asking price. Mike got right on it, organized a concrete offer, had us write a cover letter, and contacted the buyer, and within 48 hours our offer had been accepted. This all happened within a week of calling Mike. We now have a home we can actually afford and fit our family in, in a neighborhood we love. As anyone can tell you, that is basically a miracle in Los Angeles. THANK YOU MIKE!"