| PERS | Veteran Administration (VA) | Combo (100% First + 25% Second) |

PERS

The PERS loan is offered for individuals who are eligible members of the Public Employees Retirement System. The program provides financing for owner occupied, 1 to 4 unit homes. There are no income limitations regarding this loan, except that it must conform to FNMA loan limits. By allowing a five (5%) personal loan against your PERS account, applicants may receive 100% financing. The PERS 5% personal loan is processed by our office in conjunction with the first mortgage. Once your loan is registered, you have two opportunities to "roll down" your rate if interest rates drop. Your roll down is available when (1) you loan is approved and (2) your loan documents are drawn. The options for 100% financing and interest rate "roll down" make this program attractive to eligible PERS members.

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Veteran Administration (VA)

The U.S. Department of Veterans Affairs guarantees mortgage loans for veterans and service individuals. The guaranty provides 100% financing for veterans who wish to purchase 1 to 4 units, owner-occupied homes. VA loans are offered as a 30 year or 15 year fixed loan. The VA loan limit for 1997 is $207,000. Veterans wanting to apply for the VA loan must provide their certificate of eligibility and DD-214 in order to calculate the available eligibility. Considering the loan program's 100% financing, option for the seller to pay all closing cost, and relaxed qualifying ratios, this program is extremely advantageous to VA home buyers.

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Combo (100% First + 25% Second)

This loan does not require any down payment providing 100% financing. It will also provide cash for closing costs, debt consolidation and/or home improvements. If you have job stability, but need help with cash to buy a home, this may be the loan for you. The total loan amount including can not exceed 125% of the home's value. We have multiple 100% Stated and Full Documented programs. Even if you have damaged credit, you may qualify.

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Apply online to be pre-approved for the loan you want.