Owning a home is the American dream, but many potential home buyers may not realize that the dream is within their grasp. In addition to the highly recognized FHA and VA loan options, ERA Mortgage offers several additional loan programs that cater to the varied needs of the first time homebuyer. The FLEX Program: This conventional loan program was designed for customers with great credit but limited funds for down payment. FLEX allows a customer to put down as little as three percent of the home's purchase price, while still realizing the lower rate advantages of a conventional loan. The COOL Program: This program is designed for the buyer with a high credit rating who has NO funds to use toward a down payment. COOL gives the homebuyer the opportunity to finance 100 percent of the home's purchase price.. The Home Opener WOW Program: The WOW program was established to assist homebuyers who have a previous bankruptcy or foreclosure, but have re-established a strong credit rating. Qualified borrowers may finance 100 percent of the purchase price. There is no such thing as the perfect loan. There is, however, the right loan for the right person.