faq
The most common home loan and mortgage questions
Frequently Asked Questions
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What’s the difference between Conventional, VA and FHA mortgages?
Conventional loans are the most common in the mortgage industry. They’re funded by private financial investors and then sold to Government-Sponsored Enterprises (GSE) like Fannie Mae and Freddie Mac.
A VA Loan is a mortgage provided by private investors and partially backed, or guaranteed, by the Department of Veterans Affairs. These offer military veterans flexible $0 down options and some of the most competitive rates and programs.
An FHA loan is a home loan backed by the Federal Housing Administration, a government agency created to help home buyers qualify for a mortgage. The FHA provides mortgage insurance on loans made by FHA-approved lenders, protecting them from the risk of borrower default.