Types of Mortgages

There are many special programs and that can make getting a first mortgage easier. Some of the better-known national programs include:

FHA (Federal Housing Administration)

Loans are government-insured mortgages primarily for first-time home buyers. These loans allow you to buy a home with a lower down payment, and come with guidelines that let more people qualify. They're available from most mortgage lenders. There may be specific benefits and restrictions to FHA Loans in your area; ask your mortgage lender.

VA (Veterans Administration)

Loans are available to veterans of the armed services, those currently on active duty or in the reserve, and their spouses. A VA loan can make it possible to buy a home with no money down.

Rural Housing and Community Development Service (RHCDS)

RHCDS provides home financing to qualified borrowers who are unable to obtain home financing elsewhere. If you are a farmer, or live in a rural area, ask your mortgage lender if you may qualify.

There are many other loan programs that offer homebuyers low down

payments and have guidelines that let more people qualify. They may be administered by state or local governments, or other organizations. Be sure to ask our mortgage specialist's what other programs are available in your area especially for first-time home buyers.

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Founded in 1990, Holly Ruan and Mortgage-Galaxy.com, is the leader in online mortgage finance and application, an easy way for individuals and families to search the internet and discover affordable and quality mortgage rates from San Diego to Sacramento. Use Mortgage-Galaxy.com through our online mortgage application process and join the 1,000’s of satisfied customers in your area today! See why Mortgage Galaxy was voted #1 at finding mortgage financing and refinancing mortgage lenders with the lowest possible mortgage rates in California.

Mortgage-Galaxy.com is an affiliated online mortgage financing service for Californians with a shared database for finding and applying for individual and family: Zero Down, Low Down, Stated Income, First Time Home Buyer, FHA, VA, or other home mortgage programs. Holly Ruan is a dedicated California real estate broker and loan agent for individuals and families seeking affordable mortgage rates combined with quality customer service.