[b][Salt Lake City, August 24, 2016][/b] - Primary Residential Mortgage, Inc., a trusted provider of home loans in Salt Lake City, Utah, provides multiple loan options for financing homes. Customers who may not be eligible for conventional loans can still purchase their dream house through the FHA and FHA Choice Loan, as well as the US Department of Agriculture’s Rural Housing Loan.

[b]A Second Chance For Home Buyers[/b]

Primary Residential Mortgage, Inc. understands the challenges of making financial mistakes in the past. While many may think that it’s the end of their home buying dreams, the company presents multiple loan options that will give them the house they’ve always wanted.

A poor credit history may get in the way of qualifying for a conventional mortgage, but the firm points out that the government has various programs that make home ownership possible for many.

“If you have been turned down when applying for a conventional mortgage, that doesn't mean you should give up on your dream.” They said. The company lists the FHA Loan, FHA Choice Loan, and the US Department of Agriculture’s Rural Housing Loan as financing options for the home buyer.

• [b]FHA Loan[/b]
-designed for families with lower income
-lower down payment for loan (3.5% of the final amount)
-minimum credit score of 640
• [b]FHA Choice Loan[/b]
-government-insured
-compensating factors are allowed to qualify
-3.5% of the final amount of the loan as down payment
-minimum credit score of 500
• [b]Rural Housing Loan/USDA Loans[/b]
-lower monthly payments
-no down payments
-minimum credit score of 640

The mortgage firm offers access to fixed or adjustable rates, and mortgages with no down payment, depending on which loan is ideal for the customer.

“All of these factors can contribute to a lower monthly payment, allowing you to enjoy the benefits of home ownership while building your financial strength,” the company said.

[b]About Primary Residential Mortgage, Inc.[/b]

Primary Residential Mortgage, Inc. is a reliable mortgage company in Salt Lake City, Utah. They have helped over 225,000 customers achieve their home ownership goals. They have service locations in 49 states, including Colorado, Arizona, and Tennessee.

To learn more about the company, interested parties may visit https://www.primaryresidentialmortgage.com.