Most Common Types of FHA & VA Loans
Fixed Rate Mortgages: Your rate and payment never change.
Adjustable Rate Mortgages: Fixed rate initially, then adjusts either annually or semi-annually.
What Are the FHA & VA Down Payment Requirements?
For Purchase transactions FHA loans require a minimum down payment of 3.5%; VA loans may allow for as little as 0% down payment depending on eligibility requirements.
What Types of Property Are Eligible?
FHA & VA loans are only available to borrowers who are purchasing a property with the intent of using the home as their primary residence.
Find Out if an FHA or VA Loan Is Right for You!