FDIC-Insured - Backed by the full faith and credit of the U.S. GovernmentGovernment Mortgages
We also offer government mortgage loans including FHA (Federal Housing Authority) Loans. USDA Guaranteed Rural Development Loans are available with 100% financing (no down payment required).
A government mortgage, such as a Federal Housing Administration (FHA) loan or a USDA Rural Development Loan, offers several benefits to eligible borrowers. One of the most significant benefits is that these loans often require a lower down payment than conventional mortgages, which can make homeownership more accessible to individuals who may not have a significant amount of savings. Additionally, these loans typically have more lenient credit score and income requirements, which can help borrowers with less-than-perfect credit or lower income levels qualify for a mortgage. Another benefit of government mortgages is that they may offer lower interest rates than conventional mortgages, which can save borrowers thousands of dollars over the life of their loan.
Contact a Loan Officer Today
Our experienced loan officers are ready to help you find the right mortgage option to fit your unique needs. Whether you're a first-time home buyer, looking to refinance, or investing in property, we're here to guide you through the process and answer any questions you may have.
Contact us today to schedule a consultation with one of our loan officers and take the first step toward achieving your home ownership goals.
Loans subject to credit approval. Sturgis Bank NMLS#407562.