What loans are best for first-time home buyers?

If you’re new to the mortgage game, you’re in luck. There are a few different loans that have been specially designed to keep things simple and affordable for you. The UMe First-Time Home Buyers Program includes:

• Conventional Home Loans: Despite the boring-sounding name, this is the exceptional private mortgage that UMe offers direct to you, with fixed or adjustable rates and flexible terms to suit every budget.
• FHA Loans: These are backed by the federal government so credit unions like UMe can offer awesome loans to awesome people who may have lower credit scores or patchy credit history. Bonus features include a low down payment and lower closing costs.
• VA Loans: If you’ve served our country, or you’re a military spouse, you may qualify for a VA loan, which comes with all the same bells and whistles as the FHA loan – plus the possibility of a 0% down payment.