If you are planning to buy your principal residence and do not have savings for a down payment and closing costs, this loan insured by the Federal Housing Administration may be your answer.
Description
Insured by the U.S. Department of Housing and Urban Development
Down payment for this loan is lower than for a conventional loan
To acquire or refinance your principal residence
Maximum of $242,850 for a single family home
Maximum 97% LTV for purchase
Maximum 85% for refinance of principal residence
Term: 30 years
Only available in the USVI
Apply calling
Saint Thomas – Mortgage Center 340-693-2803
Saint Croix – Mortgage Center 340-693-2911
1 Subject to credit approval. Example: A loan of $100,000 at 6.00% APR, for 30 years will have a monthly payment of $599.55. The payments from the examples does not include legal and incidental expenses, prepaid expenses or any type of insurance and taxes. Some conditions and restrictions apply.
Personal Loans
