Government Loans
FHA, VA, and USDA Loan Options
People come in all shapes and sizes, shouldn’t their mortgage be the same?
With government loans from the FHA, VA, and USDA you have access to loans with
lower down payments, easier credit standards, and generally lower interest rates (win
win win).
Our government loans are there for those people that just quite don’t fit in the
“conventional” box, but then again who wants to be conventional anyway?
Types of Goverment Loans:
FHA Loans
An FHA loan is a government-backed mortgage designed to help first-time buyers and those with moderate credit or limited savings purchase a home.
Best for: First-time homebuyers, buyers rebuilding credit, or those with limited cash for a down payment.
VA Loans
VA loans are available to eligible veterans, active-duty service members, and certain surviving spouses.
Best for: Eligible military borrowers seeking zero-down financing and lower overall monthly payments.
USDA Loans
USDA loans are designed to promote homeownership in eligible rural and suburban areas.
Best for: Buyers in qualifying rural or suburban communities who meet income requirements.
Frequently Asked Questions about Goverment Loans
What is a government-backed mortgage loan?
A government-backed mortgage loan is a home loan insured or guaranteed by a federal agency. The most common programs include loans backed by the Federal Housing Administration (FHA), the U.S. Department of Veterans Affairs (VA), and the United States Department of Agriculture (USDA). These programs are designed to make homeownership more accessible by offering flexible qualification requirements.
What is the minimum down payment for a government loan?
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FHA: As little as 3.5% with qualifying credit
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VA: 0% down for eligible borrowers
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USDA: 0% down for eligible properties and income-qualified borrowers
Down payment requirements vary based on credit score, eligibility, and financial profile.
Are government loans only for first-time homebuyers?
No. While many first-time buyers use government loans, repeat buyers can also qualify as long as they meet eligibility and occupancy requirements.
Do government loans require mortgage insurance?
Yes, but the type differs:
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FHA loans require mortgage insurance premiums (MIP).
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VA loans do not require monthly mortgage insurance but include a one-time funding fee.
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USDA loans include an upfront guarantee fee and a small annual fee.
What credit score is needed for a government mortgage?
Minimum credit score requirements vary by program and lender:
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FHA loans are generally more flexible with credit.
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VA loans focus more on overall financial stability than a strict score minimum.
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USDA loans require meeting income and credit guidelines.
A mortgage professional can review your specific situation to determine eligibility.
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