VA Loans

VA loans, guaranteed by the Department of Veterans Affairs, are a valuable benefit for military personnel, veterans, and eligible surviving spouses. Offering competitive interest rates, no down payment requirements, and no private mortgage insurance, VA loans help service members and their families secure affordable financing. These loans often feature less stringent credit requirements compared to conventional mortgages, making them an appealing option for those who have served our country.

Get a FREE Pre-Approval Letter

Get Started Today!

send

Key Features:

- No Down Payment: 100% financing available
- No Private Mortgage Insurance: Saving borrowers monthly expenses
- Competitive Interest Rates
- Flexible Credit Requirements
- VA Funding Fee: A one-time fee to help offset the program's costs
- Assumable Loans
- Property Types: Primary residences, including single-family and multifamily homes

thank you for contacting us! our team will reach out shortly. 

Federal Housing Administration (FHA) loans are government-backed mortgages designed to make homeownership more accessible. With lower down payment requirements and flexible credit standards, FHA loans are a popular choice for first-time homebuyers and those with less-than-perfect credit. These loans typically come with both upfront and annual mortgage insurance premiums, ensuring lenders are protected against potential losses.

Key Features:

- Low Down Payment: 3.5% minimum
- Flexible Credit Requirements
- Competitive Interest Rates
- Mortgage Insurance: Both upfront and annual premiums required
- Assumable Loans: Can be taken over by future buyers
- Loan Limits: Vary by county and property size
- Property Types: Single-family, multifamily, manufactured homes, and condos. 

about us

loan types

apply now

contact us

River Mortgage, LLC  |  NMLS #2674844 

616-600-2335

 545 Ada Dr, Ada, MI 49301

admin@riverhomemortgage.com