If you’re residing in Colorado or Arizona, and looking for a mortgage to buy a new property, renovate an existing home or purchase a plot of land for building a single family residence, a secured finance is probably the best option. This is exactly when you need to streamline your choices, while choosing a mortgage loan company that provides monetary support for buying a single family home in a city or rural area. You need to choose an institution that keeps the overall documentation process paperless, represents a wide network of A+ lenders, lends irrespective of ‘poor’ credit score and assists you from loan application till approval.
In this context, a name like “Affordable Interest Mortgage” crops up in the mind, as they offer credible mortgage brokerage services in getting low-interest home finance for buying a single family home, townhome or condominium in this state. It is FYI, people in the ‘low-very low’ income category require such types of home loans in Colorado, and elsewhere in the US for buying their dream property. The name clearly implies that such a property is usually occupied by one family, and consists of one dwelling unit.
Why Select a Certified Mortgage Brokerage Company for Getting a Home Loan?
It is because they would follow all the federal rules & regulations while helping you apply for a mortgage for buying a single family home in Colorado, or elsewhere. It is made mandatory by the US federal government that such loans must be available to all low-income families, with 40% of the government funding going towards this program, each year. The borrower or applicant must have low income as defined by USDA, to be precise, below 50% of the Area Median Income (AMI). These home loans are also termed as Direct Loans, and provided by some select lenders that are fully approved and accredited.
In fact, one such single family housing direct loan is basically provided by the U.S. Department of Agriculture’s Rural Housing Service, and usually benefits first-time home buyers and mortgage holders. What’s more, due to the continuous down payment assistance provided by the US federal government to buyers, the monthly interest rates for one such home mortgage is brought down to as low as 1% (percent). And, one such home loan Colorado can be utilized to build, repair, remodel, relocate and purchase an existing or new home.
