Think you can't qualify for a home loan? Think again.

For years, 30-year fixed rate loans ruled the home buying roost. But many of us simply can't afford the standard 20% down payment anymore. Thankfully, this is no longer required. You now have many more financial options:

    * Zero Down: Allows you to skip saving for a down payment while retaining more cash for your house.

    * No PMI: Have less than 20% but don't want to pay Private Mortgage Insurance? This home loan may be for you.

    * One-month PayOption ARM: Allows four flexible payments each month — minimum, interest-only, and 15-year or 30-year amortization.

    * Fixed Rate ARM: Offers lower fixed rate periods from 6 months up to 10 years.

    * Interest-Only: Pay as much — or as little — of your loan's principal each month as you like; it offers great flexibility for those with inconsistent cash flow.

As you can see, there's a home loan out there to fit just about every shape and size. Apply today and see what's best for you.

Home Buyer Tip

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