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VA / FHA / USDA Loans

VA / FHA / USDA Loans

U.S. Department of Veterans Affairs (VA), Federal Housing Administration (FHA) and U.S. Department of Agriculture (USDA) loans are all government-backed mortgage loans that are available to certain segments of society and are ideal for those who may or may not qualify for a conventional loan. VA loans are designed for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses of U.S. military members in the purchase of single-family homes, condominiums and new construction. Insured by the Federal Housing Administration, FHA loans are most popular among first-time homebuyers as they often boast low down payments and fewer credit score restrictions. USDA loans are ideal for low- to moderate-income homebuyers in rural areas.