FHA & VA Loans
Both the Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) have loan programs that require little or no money down. They have easier qualifications than traditional mortgages. American Trust provides these loans with local service every step of the way.
- FHA Loans
- Easier to qualify, even without perfect credit
- FHA regulates closing costs
- Lower down payments
- Gifts can be used for down payments/closing costs
- Fixed or adjustable rates available
- Single family, owner occupied properties only
- Personal service every step of the way
- Local approvals
- Maximum income requirements to be eligible
- VA Loans
- No down payment
- Lower interest rates
- Fast approvals
- Fixed or adjustable rates available
- Easier to qualify
- Personal service every step of the way
- Must be a veteran to qualify
