We also offer government mortgage loans including FHA (Federal Housing Authority) Loans. USDA Guaranteed Rural Development Loans are available with 100% financing (no down payment required).
A government mortgage, such as a Federal Housing Administration (FHA) loan or a USDA Rural Development Loan, offers several benefits to eligible borrowers. One of the most significant benefits is that these loans often require a lower down payment than conventional mortgages, which can make homeownership more accessible to individuals who may not have a significant amount of savings. Additionally, these loans typically have more lenient credit score and income requirements, which can help borrowers with less-than-perfect credit or lower income levels qualify for a mortgage. Another benefit of government mortgages is that they may offer lower interest rates than conventional mortgages, which can save borrowers thousands of dollars over the life of their loan.