FHA & VA Loans

FHA and VA Loans are insured by the Federal Housing Administration and Veterans Affairs, meaning homebuyers have an easier time qualifying for a mortgage. Those borrowers who typically benefit the most from an FHA or VA loan are first-time homebuyers and those who have less than perfect credit.

Most Common Types of FHA & VA Loans

Fixed Rate Mortgages: Your rate and payment never change.

30 Year Fixed Loan
25 Year Fixed Loan
20 Year Fixed Loan
15 Year Fixed Loan

Adjustable Rate Mortgages: Fixed rate initially, then adjusts either annually or semi-annually.

3/1 or 3/6 ARM
Fixed Rate for 3 Years, Adjustable Rate for the remaining 27 years
5/1 or 5/6 ARM
Fixed Rate for 5 Years, Adjustable Rate for the remaining 25 years

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

NMLS# 1403

East Coast Capital offers a variety of loan products to meet each borrower’s needs. With in-house processing and underwriting, we ensure a smooth, efficient home loan experience.