Michael Collins, Sr. Loan Officer of Starkey Mortgage, can help you with your mortgage needs. Please give him a call if you have any questions (214-282-6233 or 817-927-2014, ext. 240).
An FHA Loan is a Mortgage Loan Program administered by the Federal Housing Administration (FHA) which allows borrowers to qualify for lower down payments (as little as 3.5%) or zero move-in gifting programs, and is easier to qualify for than conventional loans.
Typically, FHA Loans are for first-time homebuyers, people who cannot afford a large down payment, or who have various credit issues. The FHA does not make home loans itself; it insures them.
A VA Loan is a loan guaranteed by the U.S. Dept. of Veterans Affairs. Similar to FHA Loans, the…