“Types of Loans for Real Estate”

Whether you are first time home owner or you have bought a home before, it is advisable to be familiar with the various types of mortgage loans that are available in Houston Texas to make the right choice as to which one best suits your lifestyle and mortgage needs. The different types of mortgages available in Houston include; conventional mortgage that is not guaranteed or insured by the federal government and is a loan that is available to US citizens, residents and people with acceptable work visas. There is also the FHA loan that is insured by the federal government and the maximum amount available is set on geographical terms with the loan being available only to US citizens and residents. The VA mortgage is another one available in Houston Texas, this is a loan that is specifically tailored for veterans both on active duty or retired veterans are eligible.

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