FHA, F.H.A., USDA, U.S.D.A., no downpayment,

Mortgage Resources

Featured Tools

Loan Info

Company Info

Other Services

                 First Time Home Buyers

Aurora Financial is a Licensed Mortgage Bank.  We specialize in first time buyer programs for buyers with different down-payment needs, income, asset and debt situations.  Our programs are designed for people who have little or no down payment money, only a strong desire for home ownership.

                                       THESE ARE THE FIRST TIME HOMEBUYER'S PROGRAMS THAT WE OFFER:

     F.H.A. -Most offend the best choice in first time home buyer programs.  Only a 3.5% down payment is required, all of which can be a gift.  Your closing costs can be paid by the seller.

     U.S.D.A.  The U.S.D.A. does more than just certify beef, it also has a great little know mortgage program. With this program you do not need a down payment and the closing costs can be paid by the seller. There are some restrictions on this program, so please call me for more details.

 

  USDA Rural Housing 30 YR FHA 30 YR Fixed 30 YR Fixed Conventional
% Down 0% 3.5% 10%
Amount Down $0.00 $8,750.00 $25,000.00
First Loan Amount $255,000.00 $246,875.00 $225,000.00
Program Rate 5.250% 5.125% 5.000%
APR 6.271% 6.978% 6.756%
First $1,408.12 $1,344.20 $1,207.85
Mortgage Payment
Estimated Monthly $0.00 $195.44 $135.00
Mortgage Insurance
Estimated Monthly $250.00 $250.00 $250.00
Property Taxes
Estimated Monthly $40.00 $40.00 $40.00
Homeowners Insurance
Estimated Total $1,698.12 $1,829.64 $1,632.85
Monthly Payment
Est. After Tax Pmt $1,200.68 $1,301.55 $1,161.07
(25% Tax Bracket)
Rates and terms subject to change based on market conditions and borrowers credit
profle