FHA & VA Loans

Bank2 can make home ownership more affordable with programs through the Federal Housing Administration (FHA) and Veterans Administration (VA).

These programs reduce closing costs, lower or erase down payments, and can yield lower interest rates. The federal assistance combined with local, personal service mean more Oklahomans can become homeowners.

Summary

Easier to qualify than a standard loan
Available in fixed rate or ARM
Lower down payment
VA Loans typically require no down payment
Minimal closing costs
Pre-qualification available
Mortgage insurance is built into FHA Loan; does not require additional private mortgage insurance (PMI)
Local decision-making and local service