Newer browser versions perform better, are generally more secure, and offer better support for the newer
features that we continue to develop. Click here to download the most recent version of Internet Explorer.
Down Payment Options
We take great pride in our ability to recruit, train, and retain the finest quality real estate professionals.
At FM Lending, we have access to virtually every type of loan on the market today:
No Down Payment Options
USDA
-
Zero Down Payment (100% Financing)
-
No Monthly Mortgage Insurance
-
Property must be located in a USDA designated area
VA - Veterans (Active Duty and Non-Active Duty) and Reservists
-
Zero Down Payment
-
Competitive Interest Rates
-
No Monthly Mortgage Insurance
Low Down Payment Options
FHA
-
3.5% Down Payment
-
Gift Funds Allowed (from a relative)
-
600 Minimum Credit Score
North Carolina Housing Finance Agency
-
3.5% Down Payment with Optional 2nd Mortgage
-
1st Time Homebuyer Program
Conventional
-
As Little as 3% down
-
Gift Fund from Relatives Allowed
Fully Amortizing ARMs & Interest Only Options
-
Provides lower monthly payment at the beginning of the loan
-
Initial fixed interest rate period (3, 5, 7, or 10 years)
-
Interest rate and payment adjust annually after fixed period
-
Interest rate adjustments are capped annually and for the life of the loan
-
Great option for borrowers planning to live in home for just a few years
