Licensed by PA Dept. Of Banking and Securities

NMLS - Company 119476; Individual 129169

*All loans are subject to credit and property approval. Programs, rates, terms, and conditions are subject to change without notice.

FIXED RATE MORTGAGES(All American favorite)

A fixed rate mortgage lets you set the interest rate and monthly principal and interest (P&I) payment for the life of your loan.  Advantages of a fixed rate mortgage include:

• A low, fixed interest rate
  
• The stability of a fixed monthly P&I payment
  
• A down payment as low as 5% of the home's value
  
• No prepayment penalty if you pay your loan off early
  
• Flexible loan terms ranging from 8 to 30 years
  

A fixed rate mortgage may be right for you if:

• You plan to stay in your home for 5 years or longer
  
• You prefer the stability of fixed P&I payments
  
• You have at least 5% of your home's value to use as a down payment
  

FHA LOANS(Best loan for less than perfect buyers)

Insured by the Federal Housing Administration (FHA).  An FHA loan can be one of the easier home loans for which for qualify.  Advantages of a FHA loan include:

• Down payments as low as 3.5% (requires mortgage insurance - ask for details)
  
• An allowance for less-than-perfect credit
  
• Non-occupant co-borrowers allowed
  

An FHA loan may be right for you if you do not have the down payment required for a conventional loan or you are a first-time homebuyer.

USDA LOANS(100% financing available)

Offered through the Rural Housing Service (RHS), an agency of the U.S. Department of Agriculture, designed to assist residents outside of metropolitan statistical areas with better access to affordable housing finance options.  Advantages of a USDA Loan:

• 100% financing available!
  
•  No money down and credit scores as low as 620
  
• May be able to finance settlement charges
  

A USDA loan may be right for you if do not have the money for a down payment, are looking a designated area, or are a low- and/or moderate borrower whose adjusted income is equal to or less than 115% of their area median income.

VA LOANS (Best program for our veterans)

VA loans help Service members, Veterans, and eligible surviving spouses become homeowners.  They are provided by private lenders such as banks and mortgage companies.  The VA guarantees a portion of the loan, enabling the lender to provide you with more favorable terms.

• Buy a home with no down payment
  

Vincent R. Liott, Inc.