With help from a government-backed program, qualifying buyers can take advantage of more flexible credit and income requirements.
Key Features
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Competitive Rates
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Quick Decisions
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Local Processing
FHA Loans
- Typically for first-time homebuyers or people with limited cash for a down payment and closing costs
- Federally guaranteed, which can make home buying more affordable
- May require a smaller down payment
- May offer a lower interest rate than a comparable conventional loan
- Flexible repayment terms
VA Loans
- Helps qualifying members and former members of the U.S. Military purchase a primary residence
- Federally guaranteed, which can make home buying more affordable
- Fixed/level payment of principal and interest for the life of the loan
- Flexible repayment terms
- Monthly mortgage insurance not required
- In some cases, no down payment requirement
