Katie BaileyCredit Union of Georgia is now offering Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA), and U.S. Department of Agriculture (USDA) home loan products to members.
This milestone is a meaningful step for their organization as these government loan programs allow them to serve more members, reach new segments, and make a greater impact in helping people achieve homeownership.
These programs will open the doors of homeownership possibilities to thousands of Georgia residents who may have previously thought owning their own home was out of reach. The Credit Union of Georgia team is excited and honored to help qualified borrowers overcome upfront cost barriers and navigate the home financing process with confidence.
FHA Loans are backed by the Federal Housing Administration (FHA) and are ideal for first-time homebuyers, those with less-than-perfect credit, and low-to-moderate income borrowers. FHA Loans offer low down payment requirements and more flexible qualifying guidelines than most typical mortgage loan programs.
VA Loans are backed by the U.S. Department of Veteran Affairs (VA) and are a great mortgage option for qualified veterans and their spouses. VA Loans offer up to 100% financing for qualified veterans and their spouses.
USDA Loans are backed by the U.S. Department of Agriculture and are ideal for borrowers looking to purchase in a qualified rural or suburban area. USDA Loans offer up to 100% financing for qualified borrowers looking to purchase in approved areas.
