Low Down-Payment Loans

Providing Home Financing Options

Sometimes conventional mortgage options may not be the best option to make homeownership a reality. That’s why Eaton Federal has a variety of programs available that can be tailored to your unique situation. Our experts will help you make the best borrowing decision and guide you every step of the way.

FHA Loans

These are mortgage loans insured by the Federal Housing Administration. This option makes homeownership possible for people who might not otherwise qualify for traditional mortgage programs. Key benefits and considerations include:

  • Low down payment and closing costs
  • More lenient credit standards
  • Gift funds are allowed and can be used for down payment and closing costs
  • A great option for first-time home buyers
  • No income limitations

VA Loans

VA Loans are government-insured loans available exclusively for members of the military, veterans and their families. Key benefits and considerations include: 

  • No down payment required
  • 100% financing available
  • No private mortgage insurance (PMI) required
  • Low closing costs

Rural Development Loans

This program helps low and moderate income families living in rural areas make homeownership a reality. Providing affordable homeownership opportunities, key benefits and considerations include:

  • No down payment required
  • 100% financing available
  • Subject to income qualifications
  • Available in eligible areas

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