Getting your mortgage can be easy with U.S. Financial!

There’s quite a lot involved when you get a mortgage loan. You wouldn’t be researching mortgage loans if you could simply press the “buy now” button.
We do most of the heavy lifting for you, so you can concentrate on what’s important — finding the perfect home.


What Is a First-Time Home Buyer Loan?

Most first time home buyers naturally gravitate to the loan programs with the smallest down payment. These include:

FHA loans, which are available to all qualified buyers and require just a 3.5% down payment.

VA loans, which are available to eligible veterans and active service members which allows a 0% down payment.

USDA loans, which are available in select geographic areas which also allows a 0% down payment.

For borrowers with very good credit a Conventional loan is available with a 3% down payment.

Perks for the First-Time Home Buyer


Congratulations! Now that you are buying your first home you qualify for one of the best tax deductions out there. Your mortgage insurance is deductible! For the average borrower this adds up to many thousands of dollars per year. Contact Us Today!
For many first-time home buyers that are opting for the smart choice of a lower down payment, private mortgage insurance is required. Thanks to the Protecting Americans from Tax Hikes Act of 2015, most borrowers can deduct this cost just as they would mortgage interest.
As with all tax matters please consult your tax adviser.
Depending on where your property is located there can be up to three real estate taxes: School Taxes, County Taxes and Local Taxes. All of these taxes should be fully deductible. As with all tax matters please consult your tax adviser.
Besides the low down payment, your closing costs can be greatly reduced by including a seller assist in your purchase contract. With most programs this can be up to 6% of the purchase price of the home which in many circumstances is enough to cover most if not all of your closing costs. Contact us today for details.

Loan Questions? Let the U.S. Financial team help find the loan right for you.
Contact Us!