FHA loans, backed by the Federal Housing Administration, are a popular financing option for homebuyers, especially first-time buyers. These loans feature lower down payment requirements—often as low as 3.5%—and more flexible credit standards, making homeownership more accessible. With competitive interest rates and government-backed security, FHA loans are an excellent choice for those looking to purchase a new home with confidence.

Rural Development (RD) loans, also known as USDA loans, offer a 0% down payment option for eligible buyers in rural and suburban areas. Designed to make homeownership accessible, RD loans provide affordable financing with competitive interest rates for qualifying borrowers.

VA loans provide a 0% down payment option exclusively for active-duty military members, veterans, and their families. Backed by the U.S. Department of Veterans Affairs, VA loans feature flexible requirements and competitive terms, making it easier for those who serve or have served to achieve homeownership.

Conventional loans offer a low down payment option starting at just 3%, making them an attractive choice for many buyers. With flexible terms and the potential to avoid mortgage insurance costs, conventional loans are ideal for those with good credit seeking a straightforward path to homeownership.

The USDA's office of Rural Development (RD) works with approved lenders to guarantee loans to borrowers for single family homes in eligible areas. The purpose is to provide financing - with no down payment, at favorable fixed rates on a 30-year term. RD programs are relatively risk free.

Allen Edwin offers a savings program that can help you save for a down payment. The process is simple. First write an earnest money check and then make payments on the remainder of the down payment until closing. At that time, the new home is built, and all of the down payment has been collected from you

Allen Edwin Homes has partnered with our Preferred Lenders to offer interest rate lock protection. In today’s volatile interest rate environment where a 1% increase in rates will take away from you 10% of your buying power, give yourself peace of mind to lock in your rate after you are mortgage approved to lock in your monthly payment. Ask for a list of Preferred Lenders and interest rate lock programs up to 360 days from completing your home and how you can save on your upfront earnest money deposit (EMD) and save money if interest rates rise.