Skip to main content

FHA & VA Mortgage Loans

Government mortgage loan options

The Federal Housing Administration (FHA) and the U.S. Department of Veterans Affairs (VA) provide government insured or guaranteed mortgage programs with features (such as low down payment options and flexible credit and income guidelines) that may make it easier for first-time homebuyers to obtain home financing from lenders.



FHA mortgage loan features

  • Low down payment
  • Fixed-rate loans available
  • Maximum loan amounts vary by county

VA mortgage loan features

  • Up to 100% financing—with as little as $0 down payment for qualified borrowers
  • Fixed-rate loans available
  • More flexible qualification guidelines than those for conventional loans

Other types of mortgages

Fixed-rate mortgages

  • Your interest rate remains the same for the entire loan term

  • Your monthly payment of principal and interest does not change during the loan term

Adjustable-rate mortgages (ARMs)

  • Interest rate may change periodically during the loan term

  • Your monthly payment may increase or decrease based on interest rate changes

Jumbo Loans

  • For borrowers needing higher loan amounts

  • Available for primary residences, second or vacation homes and investment properties

Affordable Loan Solution® mortgage

  • Down payment as low as 3%

  • For modest-income borrowers

Real Estate Center

Search millions of existing homes, new homes, and bank-owned properties

FHA & VA loan basics

Talk to
Talk to your lending specialist
your lending specialist:
from your lending specialist:

Connect with a lending specialist:

Change lending specialist
Find another loan officer to help you with a mortgage refinance.

Connect with a lending specialist

Monday to Friday 8 a.m. to 10 p.m. Eastern Time
Saturday 8 a.m. to 6:30 p.m. Eastern Time

Get a call back layer