FHA Loans The FHA loan is a home loan program that has been offered since 1934. It is a government-backed loan, unlike conventional loans, that is insured by the Federal Housing Administration. The FHA is an agency that operates under the Department of Housing and Urban Development. Typically, the credit score and debt-to-income ratio requirements…

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Conventional Loans Conventional loans are “conforming” loans, which means they meet Fannie Mae and Freddie Mac guidelines. However, they are not government-backed loans like FHA and VA loans. Additionally, they typically have stricter requirements compared to these other loan types. Despite this, conventional loans are still the most popular loan type in the country.  …

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VA Loan Requirements The VA loan is a benefit offered through the VA to eligible service members and their surviving spouses. Veterans can qualify with benefits on the VA loan that are not offered through any other loan program like conventional or FHA home loans. Types of VA Loans VA Purchase Basic VA mortgage VA…

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