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.
VA Mortgage FAQ's
How are VA mortgage rates determined?
The VA does not set the rates on any home loans. VA mortgage rates, like most mortgage interest rates, change often. The VA and FHA loan interest rates typically move up and down along with conventional loan rates, and borrowers can expect VA home loan rates to be close ... View FAQ
Are there circumstances when a VA home loan might NOT be the best option for me?
Many borrowers want to know whether the VA home loan guaranty program is their best option. Of course, it depends on all of the circumstances being considered. In most cases, for someone who is VA eligible, the VA Home Loan Guaranty Program offers the most benefits and flexibility. ... View FAQ
Other Veteran Loan Questions | Ask a Question
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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
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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
The VA Loan And The FHA Loan: What's The Difference?
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