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What Loans are Ginnie-Mae Approved?


Did you know that if your bank is approved by Ginnie Mae, they can handle your loans directly? Learn about the different types of Ginnie-Mae loans.

Financial advice for young couple

If your bank is a Ginnie-Mae approved issuer, it can be more convenient to work directly with your bank if you have any issues, and make payments directly to it. Understanding mortgages can be a bit tricky. Here are Ginnie-Mae approved loans that can make buying a home easier.

  • USDA Loan (United States Department of Agriculture)

    Settling down in a rural area doesn’t mean you have to settle for a higher mortgage. Enjoy 100% financing and avoid monthly mortgage insurance with a USDA loan. From minimal down payments to no maximum purchase price, a USDA loan may be the best choice for your future home. Your ability to qualify for a USDA home loan depends on where your current or future property is located and your household income.
  • VA Loan (Veterans Affairs):

    If you are a member of the United States military, a veteran, or a qualified surviving spouse, you could qualify for a VA Loan. This special loan is supported by the U.S. Department of Veterans Affairs and can be utilized for purchasing or refinancing a home. It offers numerous advantages to service members as a recognition of their commitment, including the acceptance of lower credit scores and 100% financing.
  • FHA Loan (Federal Housing Administration):

    Enjoy the benefits of a low down payment and easier qualification with an FHA Loan. An FHA Loan is a government-backed mortgage that appeals to first-time homebuyers looking for a home with a minimal down payment, as it accommodates lower credit scores. You don't have to be a first-time homebuyer to get one, and they're great for folks who had a hard time getting a home loan before.
  • 184 “Native American” Financing:

    The 184 "Native American" Financing offers a low down payment, created specifically for American Indian, Alaska Native Families, Alaska Villages, Tribes, or Tribally Designated Entities.

No matter your situation, our goal is to help. Talk to a local mortgage officer in your community to discover more about your loan options and find what works best for you.

The information provided in these articles is intended for informational purposes only. It is not to be construed as the opinion of Central Bancompany, Inc., and/or its subsidiaries and does not imply endorsement or support of any of the mentioned information, products, services, or providers. All information presented is without any representation, guaranty, or warranty regarding the accuracy, relevance, or completeness of the information.