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I’ve heard about FHA and VA loans. What are they?

April 26, 2017FHA heard I’ve Loans VA

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I’ve heard about FHA and VA loans. What are they?

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FHA and VA loans are government insured and are a great way for a homebuyer to buy a house or refinance their existing home. Generally, they’re easier to obtain for cash or credit challenged borrowers. They also carry mandatory mortgage insurance. There are borrowing and income limits so it’s best to check with me to determine if you’re eligible. VA loans are reserved for people who served in the military. Again, they’re a great way to buy or refinance a home.