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Government-Insured Mortgage Loans


Flexible down payment and financing options


Offered through the Federal Housing Administration (FHA), U.S. Department of Veterans Affairs (VA), and the USDA (United States Department of Agriculture-Rural Development) to those who qualify, government-insured mortgages require smaller down payments and have more flexible qualifying requirements than conventional mortgages.

FHA Loans




  • Down payments as low as 3.5%
  • Down payment assistance may be available
  • Home purchase or refinance


FHA Loan Requirements


  • Primary residence only
  • Private mortgage insurance required
  • Maximum loan amount varies based on type of home and location



VA Loans




  • No down payment
  • Up to 100% VA financing
  • No monthly Private Mortgage Insurance required
  • Seller can contribute up to 4% towards closing costs

VA Loan Requirements


  • Primary residence only
  • Must be an eligible veteran
  • Maximum loan amount varies based on VA entitlement and the county in which the property is located


USDA Loans




  • Up to 100% financing of the purchase price with no down payment
  • Additional financing may be provided for certain costs or allowable improvements
  • Allows up to 6% seller contributions for closing costs

USDA Loan Requirements


  • Primary residence only in designated rural areas
  • Maximum annual household income limits vary by county, state and family size
  • Must not have an ownership interest in any other residential dwelling at the time of approval