FHA & VA Loans

FHA and VA loans are government-backed mortgage programs designed to make homeownership more attainable for specific borrowers. FHA loans, insured by the Federal Housing Administration, are popular among first-time homebuyers and those with lower credit scores. They offer lower down payments—often as low as 3.5%—and more flexible qualification standards.

VA loans, backed by the Department of Veterans Affairs, are available to eligible military service members, veterans, and certain surviving spouses. These loans provide significant benefits, including zero down payment, no private mortgage insurance (PMI), and competitive interest rates—making them one of the most affordable paths to homeownership for those who qualify.

Both options offer valuable advantages but have different eligibility requirements and guidelines. Understanding the differences can help borrowers choose the loan that best aligns with their financial situation and long-term goals.