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Government
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Government home loans (Housing and Urban Development) doesn't give you the loan directly. You'll need to go to a local HUD-approved lender, who will help you find out if one of HUD's programs is right for you.
If you're interested in a government loan and you meet the credit qualifications, you may be eligible for a low down payment of 3 percent. On a $50,000 home, that's a down-payment of $1,500, compared with $5,000 - $10,000 for most conventional loans. You also can wrap your closing costs and fees into the mortgage.
HUD-insured loans are available in urban and rural areas for single family homes and for 2-unit, 3-unit, and 4-unit properties.
In some cases, HUD insures loans for people who have had credit trouble and do not meet standard credit requirements to buy low cost homes. Down payments can be as low as 3 percent, and closing costs can be wrapped into the mortgage.
To get a HUD-insured loan, you need to apply to a HUD-approved bank, mortgage company, or savings and loan association for your mortgage.
Financial contracts are very confusing. Before signing yourself to a major long term commitment, have an attorney familiar with financing and taxes examine the documents and explain the details.
A good tax finance attorney can save you many times his fee over the years, not to mention possible legal problems.
Whether buying a new car, or a used car, or selling a vehicle; first check KBB (Kelley Blue Book), Black Book, Red Book, or the NADA Used Vehicle Guide.
For complete information on all your financial needs, turn from government home loans to the Loan homepage.
Government Home Loans.