Government-guaranteed mortgages from a preferred lender.
Government-guaranteed home loans from Stone Bank are home loans that are backed by the federal government to help make homeownership in Arkansas and the rest of the country more accessible and affordable. These loans include programs such as FHA loans, VA loans, and USDA loans.
FHA loans are insured by the Federal Housing Administration (FHA) and are designed to help first-time homebuyers and low-to-moderate income borrowers qualify for a home loan. FHA loans typically require a lower down payment than conventional mortgages and have more flexible credit requirements, making it easier for borrowers with less-than-perfect credit to qualify.
VA loans are guaranteed by the Department of Veterans Affairs (VA) and are available to eligible veterans, active-duty service members, and their families. VA loans typically offer competitive interest rates and require no down payment, making them an attractive option for those who have served our country.
USDA loans are backed by the US Department of Agriculture and are designed to help borrowers in rural areas purchase a home. These loans typically offer no down payment and have more flexible credit requirements than conventional mortgages, making it easier for borrowers in rural areas to qualify for a home loan.
One of the primary benefits of Stone Bank’s government-guaranteed home loans is that they offer more favorable terms than conventional mortgages, including lower down payment requirements, more flexible credit requirements, and competitive interest rates. Additionally, these loans may offer additional benefits such as lower closing costs and reduced fees.
If you’re considering a government-guaranteed loan to purchase a home in Arkansas, let the expert home loans team at Stone Bank help determine if you meet the specific eligibility requirements and restrictions to qualify.