Rent 1 Sale 1 Realty offers flexible financing through Carrington Mortgage Service.

Carrington Mortgage strives to meet those specific needs with a wide array of products, investment tools, mortgages and best of all quality service and individual attention.

Carrington Mortgage offers an online loan application, home loan pre-qualification, and interactive calculators for exploring home financing options.

Owning a home has never been easier with flexible financing options that can offer you up to 100% of your purchase price.

Carrington Mortgage is an Equal Housing Lender, Member FDIC. They can offer a great deal of expertise in helping you buy your new home.

Carrington Mortgage understands that saving for a mortgage down payment can be a huge obstacle, especially if you are a first-time home buyer. Carrington Mortgage can offer a vast number of lending options and terms to ensure you achieve your dream of owning a home.

VA, FHA and USDA Loans

Home financing does not have to require a large down payment.

• VA loans require no money down for qualifying veterans. With these loans, the closing costs must be paid by the buyer.
• FHA loans require only a 3.5% down payment. With these loans closing costs can be covered by the seller, lender, or the buyer. FHA loans also offer low interest rates, with various program options.
• USDA Loans are government-insured 100% purchase loans with no down payment required. This makes home ownership much easier for individuals and families lacking funds to make a down payment. These Loans are only offered in rural areas and offered through third party lenders. (Federal funding for this program may or may not be available, please consult your home loan consultant)

Gifting

A down payment can be gifted to the buyer. Carrington Mortgage allows a percentage of the purchase price to be gifted to the buyer. A family member can give you money to cover your down payment or closing costs. Friends unrelated to you cannot provide the gift. Also, the gift must not require repayment (like a loan). If you are receiving a gift, Carrington Mortgage will ask you to complete a gift letter which describes your relation to the provider and the amount you are receiving.

Credit Repair

A poor credit score can make it difficult to create a reasonable budget for your new home. If you have problems with your credit the Rent 1 Sale 1 sales team can help you increase your credit score, and easily qualify for better loans with more flexible payment plans.