Other Government-Backed Mortgage Programs
Each borrower's goals and situation are unique. As a borrower seeking the security and affordability of a government-backed loan, there are some cases in which one program offers benefits better-suited for a borrower than does another. It can be beneficial for a Veteran to go over numbers and details about other programs, such as those offered by FHA, and choose the loan that offers the best overall fit.
Our goal is to help put Veterans and their families in the best government-backed loan possible. To do this, the available government program offerings are reviewed, and the borrower is assisted in selecting the loan that will yield the best overall situation.
FHA Loans
Many Veterans opt to go with an FHA loan. An FHA loan, like a VA loan, is a mortgage loan secured by the federal government.
An FHA loan, though, is secured by insurance through the Federal Housing Administration rather than the guaranty of the Veteran's Administration.
Like VA Loans, FHA loans lower the barriers to homeownership by providing consumers with favorable loan terms, and lowering down payments and other costs. There are important differences between FHA Loans and VA Loans. Which is best for you will depend on your individual situation.
Recent Questions
Can a lender obtain my Certificate of Eligibility for me?
Yes. However, it would be beneficial to prepare yourself by finding your DD-214 member 4, and retrieving and completing form ... View answer
If I have had a foreclosure in the past, can I qualify for a VA Home Loan?
It is possible to qualify with satisfactory credit if a prior foreclosure was more than 24 months prior. However, if ... View answer
Other Questions | Ask a Question
Related Special Topics
The VA Loan And The FHA Loan: What's The Difference?
VA loans and FHA loans are considered government loan products. FHA loans are those that are insured by the Federal Housing Administration, a branch of the government. VA loans ... Read More
VA Loans: Only A Small Portion of Veterans Are Using Their Benefit
Much of the news in early 2009 is about mortgages. With zero money down and no private mortgage insurance, many argue a VA loan is hard to ... Read More
VA or FHA- What's the Right Home Loan for You?
When examining the home loan programs of the Federal Government, one may wonder whether a VA home loan or an FHA mortgage is more appropriate. There are definite differences ... Read More
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