FHA & VA Loans
FHA Loans
An FHA Loan is a great option for first-time home buyers. They can offer more flexibility and broader terms than a conventional mortgage and make it easier for you to get into your first home.
- Insured by the Federal Housing Administration
- Require a minimum of 3.5% of the purchase price as a down payment
- Allow for lower credit scores than a conventional loan
- Allow sellers to pay more of the closing costs than for a conventional loan.
VA Loans
Backed by the Department of Veterans Affairs, VA Loans offer exclusive benefits and financial assistance to veterans, survivors, and current military personnel to make home ownership affordable.
- No- and low- down payment options
- Private mortgage insurance not required.
- Rates and closing costs are typically comparable to, if not lower than, conventional loans.
- Check to see if you are eligible for a VA Loan.
