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.
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