Mortgage Loans

Bailey & Wood Financial Group has many different loan options for our clients and can work with many different situations to assist you with your mortgage needs. A few options are listed below: 

USDA

http://eligibility.sc.egov.usda.gov/eligibility/welcomeAction.do?

FHA

FHA loans are easily the most popular loan in the market right now. FHA has flexible underwriting for all levels of credit history with requiring only a small 3.5% investment from the buyer.

http://portal.hud.gov/hudportal/HUD?src=/program_offices/housing/sfh/buying/buyhm

CONVENTIONAL

For those buyers whom have the equity in their property currently or at least 10% down of the purchase price Conventional loans still offer great fixed and adjustable products. There are many different types of Conventional loans and products out there and rates are still low. If you have more questions about if this loan is right for you please call one of representatives today.

VA

Home mortgage loan granted by a lending institution to qualified veterans of the U.S. Armed forces or to their surviving spouses and guaranteed by the VA. The guarantee reduces risk to the lender for all or part of the purchase price on conventional homes, mobile homes, and condominiums.

http://www.homeloans.va.gov/

FHA 203K

ection 203(k) fills a unique and important need for homebuyers in another way as well. When buying a house that is need of repair or modernization, homebuyers usually have to follow a complicated and costly process, first obtaining financing to purchase the property, then getting additional financing for the rehabilitation work, and finally finding a permanent mortgage after rehabilitation is completed to pay off the interim loans.

http://170.97.67.13/offices/hsg/sfh/buying/buyhm.cfm