Home Loans for First Responders
First Responder Mortgage
Competitive home loan programs for first responders.
The everyday heroes of our society – first responders – deserve the best home financing programs available to anyone. USA Home Financing provides firefighters, nurses, paramedics and emergency medical technicians with fantastic home buying opportunities, as well as competitive refinancing loans. We have low down payment options for home buyers, including those buying a home for the very first time.
First Responder Home Buying Programs
If you are a first responder looking to buy a home with the lowest down payment options available, than you have come to the right place. We have conventional and FHA loans that allow very low down payments (as low as 3% of the purchase price). For conventional home loans we have 97% financing, allowing you to purchase a home with only 3% down. Conventional loans require great credit. If you are looking for a great loan that is much easier to qualify for, consider FHA loans.
FHA loans are easier to qualify for than conventional mortgages, and they only require 3.5% down (96.5% financing). For these reasons, they are most popular with first time home buyers (as well as a variety of second time buyers and “move up buyers” as well). Our credit score requirements for an FHA loan, as well as any other mortgage program, is a 620 FICO score (fair credit or higher). If you would like to learn more about FHA loans, including the current guidelines/requirements, visit this page.
For applicants with higher credit scores, a conventional mortgage is likely to be your best option (good credit being 680+). Conventional loans offer lower interest rates, and there are still low down payment options (3-5% for many borrowers).
If you want to purchase a home in a rural area, or in any eligible zone outside of cities, a USDA loan may be the best loan for you. USDA loans offer 100% financing which means you do not need to make any down payment. The loans offer competitive terms and rates, but they are only available for modest homes in rural areas.
To find out what options exist for you, request a free consultation. We can answer all of your questions and help you understand and compare your options.
First Responder Refinancing Mortgage Loans
In addition to special home buying programs, we also offer first responders excellent refinancing options. This includes conventional, FHA, VA, USDA, jumbo, reverse and streamline programs. We have the highest cash out refinancing LTVs available, and most likely the lowest mortgage rates in the US. If you would like to prequalify to refinance for a lower rate and monthly payment, or to take cash out, contact us today. We encourage you to compare our loan terms to every other lender in the country. We are certain we offer the best home loan terms with the lowest rates, lowest down payments, and highest LTV ratios.