An FHA-insured loan is a Federal Housing Administration mortgage-insurance-backed mortgage loan, which an FHA-approved lender provides. FHA loans have been helping people become homeowners since 1934. The Federal Housing Administration (FHA)—which is part of HUD—insures the loan, so your lender can offer you a better deal, including: • Low down payments • Low closing costs • Easy credit qualifying Please contact us for more information on FHA guaranteed loans. A VA loan is a mortgage loan guaranteed by the U.S. Department of Veterans Affairs (VA). Qualified lenders may issue the loan, and VA "stands behind" the loan with that lender. If something goes wrong and you can't make the payments anymore, the lending institution can go to VA to cover any losses they might incur.
The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry). The primary intention of the VA direct home loan program is to support home financing to eligible veterans in areas where private financing is not generally available and to help veterans purchase properties with no down payment. Please contact us today for more information on VA guaranteed mortgages.
