CONVENTIONAL – loans are the best loans, in terms of interest rates and fees. Borrowers need
fairly good credit to be approved for a conventional loan. The money saved for the down payment and
closing costs has to be seasoned in your bank account (in your account for at least 2 months) showing
those funds are yours, and not gifted from a relative. There are some conventional loans where a relative
can gift the money needed at closing, but the credit for the borrower has to be very strong. You will need
at least 5% down plus closing costs with a conventional loan.

FHA – loan is a great loan, if there are some credit issues, such as late payments, or if there is higher debt.
If you lack established credit, FHA, may approve you. I would assist you in gathering alternative
credit documentation. This consist of contacting anyone you may have credit with such as, the telephone
company, cable company, Public Utilities, your insurance agent ,etc. anyone that can say you have paid
your bills on time.  FHA loans require only 3.5% down, plus closing costs. (I know how to decrease closing costs)

CHAFA offers FHA loans with only $1000 needed from buyers...please note closing costs
need to be paid from the sellers with this loan. Please see their website for more information
and current interest rates at: www.chfainfo.com

VA – loan is a great loan for veterans of the armed forces. If structured properly the VA loan is the only
loan (besides my unique No Money Down Loan) which allows buyers to close on a house with NO MONEY
needed. Like FHA, loans, there is also funding fee with all VA loans, which is 2% of the loan. If a veteran
has used his or her benefits, the funding fee is increased to 3%, the next time they use their benefit. Having
credit established is not as important on a VA loan, VA will not deny a veteran based on there is not
enough credit established. If the veteran does not have credit established, I try and line up alternative
credit documentation. This consist of contacting anyone you may have credit with such as, the telephone
company, cable company, Public Utilities, your insurance agent ,etc. anyone that can say you have paid
your bills on time. You need 0% down with a VA loan if structure properly.

FIRST TIME HOME BUYER/CASH ASSISTANCE– programs exist, how does 5.5% interest
locked in for 30 years sound, and you only need $1000. CHAFA offers this great deal and you can see more
at: www.chfainfo.com

                                                         R&S Real Estate Services Inc.
                                                       P.O. Box 29608 - Thornton, CO 80229 
                                                   303-912-5113 fax 866-613-9498 toll free 
                             e-mail: randy@realtymortgage.net - www.realtymortgage.net