{"id":2025,"date":"2017-03-17T13:48:54","date_gmt":"2017-03-17T13:48:54","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/?p=2025"},"modified":"2017-03-17T13:48:54","modified_gmt":"2017-03-17T13:48:54","slug":"home-loan-right-home","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/home-loan-right-home\/","title":{"rendered":"Which Home Loan is Right for Your Home?"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div id=\"post-10723\">\n<p><!-- .et_post_meta_wrapper --><\/p>\n<div class=\"entry-content\">\n<p>Here are the most popular <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> <a href=\"https:\/\/amazingproperty.com.ng\/blog\/fast-flexible-real-estate-loans-usa\/\">loan<\/a> options in the United States. See basic qualification information and <strong>down payments<\/strong> for these home loan options to see which is best suited for you and your next home.<\/p>\n<p>&nbsp;<\/p>\n<h2><strong>Conventional<\/strong><\/h2>\n<p>This is the most common mortgage option and usually has the best interest rates.<\/p>\n<p><strong>Down Payment:\u00a0<\/strong>10% minimum, 20% standard<\/p>\n<p><strong>Best For:\u00a0<\/strong>repeat buyers<\/p>\n<h2><strong>FHA<\/strong><\/h2>\n<p>Makes ownership more affordable with less down and easier credit requirements.<\/p>\n<p><strong>Down Payment: <\/strong>3.5% minimum, 20% standard<\/p>\n<p><strong>Best For:\u00a0<\/strong>first-time buyers<\/p>\n<h2><strong>VA<\/strong><\/h2>\n<p>Takes away the need for a down payment without the risk of PMI. Only available to veterans.<\/p>\n<p><strong>Down Payment:\u00a0<\/strong>no down payment<\/p>\n<p><strong>Best For:\u00a0<\/strong>military veterans<\/p>\n<h2><strong>USDA<\/strong><\/h2>\n<p>This mortgage option was developed to promote the purchase of rural land.<\/p>\n<p><strong>Down Payment:\u00a0<\/strong> no down payment<\/p>\n<p><strong>Best For:\u00a0<\/strong>investors; anyone interested in living in a rural atmosphere<\/p>\n<h2><strong>ARM<\/strong><\/h2>\n<p>These rates start out lower than any other option, but fluctuate with the market (and usually not for the better).<\/p>\n<p><strong>Down Payment:\u00a0<\/strong>10% minimum, 20% standard<\/p>\n<p><strong>Best For:\u00a0<\/strong>anyone interested<\/p>\n<p><strong>Source:<\/strong> <span style=\"text-decoration: underline;\">Fearless Home Buyer<\/span><\/p>\n<p>Which Home <a class=\"wpil_keyword_link\" href=\"https:\/\/amazingproperty.com.ng\/blog\/get-real-estate-loan-for-real-estate-investors\"   title=\"Loan\" data-wpil-keyword-link=\"linked\">Loan<\/a> is Right for Your Home?<\/p>\n<\/div>\n<p><!-- .entry-content --><br \/>\n<!-- .et_post_meta_wrapper --><\/p>\n<\/div>\n<p>[ad_2]<\/p>\n<p><a href=\"https:\/\/www.househunt.com\/news-realestate\/home-loan-options\/\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Here are the most popular mortgage loan options in the United States. See basic qualification &hellip; <a title=\"Which Home Loan is Right for Your Home?\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/home-loan-right-home\/\"><span class=\"screen-reader-text\">Which Home Loan is Right for Your Home?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[2],"tags":[4751,1403,15239,625,12908,543,347,617,1329,408,120,1007,41],"class_list":["post-2025","post","type-post","status-publish","format-standard","hentry","category-property-buyer","tag-amazing","tag-buy","tag-chase","tag-down-payment","tag-home","tag-home-buying-guide","tag-home-loan","tag-house","tag-loan","tag-mortgage","tag-mortgage-loan","tag-owners","tag-property"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2025","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=2025"}],"version-history":[{"count":1,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2025\/revisions"}],"predecessor-version":[{"id":90433,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2025\/revisions\/90433"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}