Sun American Mortgage

 Did the thought of buying a house in St. George, Utah, just cross your mind? First-time home buyers wonder how much down payment they need to save. Did you know there are low and no down payment mortgage options suitable for you? In this post, I unlock the secrets to buy a house in St. George with a low down payment. Keep reading to discover. NO DOWN PAYMENT MORTGAGE As the phrase depicts, no own payment mortgage is a home loan that allows the first time homebuyers and the repeat homebuyers to purchase a property with no money required.  The homebuyer just needs to pay the standard closing costs. Otherwise, the homebuyer gets to enjoy 100% financing from the mortgage lender. If the idea of zero down payment home mortgages sounds acceptable to you, the VA home loan and the USDA home loan could be considered. USDA HOME LOAN Backed by the United States Department of Agriculture, the USDA home loan offers qualifying buyers 100% financing. Initially, the mortgage was known as the section 5

 Did you know that you could still buy a house in Utah with a low credit score? While credit score is lenders core consideration whether to lend you or not, having a low or bad credit score does not mean that, you will not own your first or second home. In this post, we share important insights guiding you on how to buy a house with bad credit. 1. HOME LOAN PROGRAMS FOR BORROWERS WITH LOW OR BAD CREDIT SCORE The federal government has multiple loan options, meant to help Americans afford homeownership. For the borrowers with a bad credit score, there are different home buying programs to consider. Here is an overview into each of the options: The FHA loan for Bad Credit When you have a low credit score, Federal Housing Administration offers you a chance to redeem your dream of homeownership. The FHA home loans come with a lower standard compared to the conventional home loans. This is because the Federal Government is committed to removing obstacles to homeownership. Therefore, with a