Government Loans
Low VA Appraisal: Escape Clause, Reconsideration of Value, and Buyer Options
A VA loan is generally based on the lower of the purchase price or VA’s reasonable value. A low appraisal…
Government Loans
Government-backed mortgages include FHA, VA, and USDA programs. Each option serves different borrowers and has its own eligibility, property, appraisal, and underwriting requirements.
Government-Backed Options
Choose a Loan Program
FHA Loans
Explore FHA eligibility, mortgage insurance, appraisals, property standards, and underwriting.
VA Loans
Understand VA eligibility, entitlement, funding fees, appraisals, and the loan process.
USDA Loans
Learn about USDA property eligibility, household income limits, zero-down financing, and approval.
Government Loan Library
Latest Government Loan Guides
Government Loans
Found a Condo You Love? Make Sure VA Will Approve the Project Before You Buy
For a VA condo loan, the borrower and unit must qualify, but the condominium project also has to be acceptable…
Government Loans
Buying a Manufactured Home With VA? The Foundation Could Decide the Deal
VA financing can be used for eligible manufactured housing, but the home, land, title, foundation, and lender program must fit…
Government Loans
Buying a Two-to-Four-Unit Property With a VA Loan
An eligible borrower may use a VA purchase loan for a residential property with up to four units, but the…
Government Loans
Using a VA Loan? Here’s How Soon VA Expects You to Actually Move In
VA purchase and cash-out loans are generally for a primary residence, not a vacation home or a property purchased solely…
Government Loans
Got a Low VA Rate? Another Buyer May Be Able to Take Over Your Loan
A VA-backed mortgage may be assumable, but the transfer must be approved. The seller’s liability and entitlement do not disappear…
Government Loans
Already Have a VA Loan? You May Be Able to Refinance With Less Hassle
An IRRRL refinances an existing VA-backed loan to improve rate or payment stability. “Streamline” does not mean free, instant, or…
Government Loans
VA Cash-Out Refinance: Requirements, Equity, and Risks
A VA cash-out refinance can replace a VA or non-VA mortgage and may allow equity withdrawal, but the new loan…
Government Loans
Lost a Veteran Spouse? You May Still Be Eligible for a VA Home Loan
Certain surviving spouses can qualify for VA home loan eligibility, but the status must be established through VA before a…
Government Loans
VA, FHA, or Conventional? The Lowest Rate Can Still Cost You More
The best mortgage is not determined by one advertised rate. Eligibility, insurance, cash, property, credit, and time in the home…