Government
Insured
Financing
 

FHA
Mortgages
 

VA
Mortgages
 

"Automatic"
Approved
Underwriters
 

VA and FHA
Expertise
 

Competitive
Rates
 

Quality
Service
 

Liberal
Qualifying
Guidelines
 

Realizing the American Dream:  Qualify for a VA or FHA Mortgage.  Here are a few of the advantages of government insured financing:

FHA

• Gershman Mortgage is an approved FHA direct endorsement lender.
• FHA one year ARM program with 1% and 5% caps.
• Low down payments.
• Interest rate can be negotiated to permit few, if any, points.
• The buyer or the seller can pay the points.
• Gifts up to 100 percent of the down payment, closing costs and prepaids are accepted.
• Loans are fully assumable, which means a borrower may sell the home at a later date and the new purchaser, if he/she qualifies, could assume the mortgage with the same interest rate and payment schedule.
• No income limitations.
• Loan completion does not require any more time than conventional loan. A government-approved lender is the actual lender of the money. The government simply insures the loans.
• $142,050 maximum mortgage limit (varies by county).

VA

• Low cash outlay -- up to $203,000 mortgage with no down payment.
• Liberal qualifying guidelines.
• Assumable by qualified purchaser with no change in interest rate.
• No prepayment penalty.
• Use of partial eligibility.
• Refinances eligible.
• Seller can pay 100% of all closing costs and the seller can pay up to 4% of purchase price towards prepaids.

Deborah Carpenter can offer you over 20 years of experience with VA and FHA financing new or existing homes.  With Gershman Mortgage being an approved VA and FHA lender, you are afforded "In-House" approvals and closings.  Deb can offer you VA and FHA expertise that very few lenders could match.  Call us for information.