About FHA Loans
FHA loans are backed by the Federal Housing Administration, an agency under the jurisdiction of the Department of Housing and Urban Development. FHA loans are insured by the FHA, which simply means that this organization protects your lender against loss if you default on your loan.
FHA loans are available with low down payment options and lower minimum credit score limits, but you’ll also have to pay mortgage insurance.
The option of a low down payment and more lenient credit requirements can make FHA loans particularly attractive for first-time home buyers, although you don’t have to be a first-time home buyer in order to qualify.
Why Get a FHA Loan?
- 0% down payment.
- Credit scores as low as 580 may be accepted
- FHA to FHA streamline refis don’t require an appraisal
- FHA-eligible down payment assistance programs allowed
- Great for first-time home buyers
About VA Loans
We proudly offer home financing to those who serve and have served our country. If you’re a veteran or an active duty servicemember, there’s no better mortgage product for you. Guaranteed by the U.S. Department of Veterans Affairs, VA loans are specially designed with exclusive benefits—like flexible requirements and favorable terms—for veterans, active duty servicemembers, and eligible surviving spouses. Available programs include purchase and refinance options.
Why Get a VA Loan?
- 0% down payment.
- Credit scores as low as 550 may be accepted
- Credit scores as low as 600 accepted for manufactured housing.
- Low interest rates available for qualifying borrowers.
- No monthly private mortgage insurance (PMI).
- Available for purchase or cash-out* refinance.
- Streamline refinance (IRRRL) with no appraisal and minimum documentation (current VA loans only).
About FHA Loans
FHA loans are backed by the Federal Housing Administration, an agency under the jurisdiction of the Department of Housing and Urban Development. FHA loans are insured by the FHA, which simply means that this organization protects your lender against loss if you default on your loan.
FHA loans are available with low down payment options and lower minimum credit score limits, but you’ll also have to pay mortgage insurance.
The option of a low down payment and more lenient credit requirements can make FHA loans particularly attractive for first-time home buyers, although you don’t have to be a first-time home buyer in order to qualify.
Why Get a FHA Loan?
- 0% down payment.
- Credit scores as low as 580 may be accepted
- FHA to FHA streamline refis don’t require an appraisal
- FHA-eligible down payment assistance programs allowed
- Great for first-time home buyers
