FHA/VA/USDA

Government-backed (also called insurable) loans are designed to make homeownership more accessible by offering flexible guidelines, lower down payment options, and competitive interest rates. These loans are insured or guaranteed by federal agencies, which helps reduce risk for lenders and expand options for buyers.

FHA Loans (Federal Housing Administration)

FHA loans are one of the most popular options for first-time and repeat homebuyers. They offer flexible credit requirements and lower down payment options, making them ideal for buyers who may not qualify for conventional financing.

Key benefits:

• Low down payment options
  
  

• More forgiving credit guidelines
  
  

• Competitive interest rates
  
  

• Available for primary residences only
  
  

VA Loans (Department of Veterans Affairs)

VA loans are available to eligible veterans, active-duty service members, and certain surviving spouses. These loans are one of the most powerful home financing tools available.

Key benefits:

• No down payment required in most cases
  
  

• No monthly mortgage insurance
  
  

• Competitive interest rates
  
  

• Limited closing costs
  
  

• Primary residence financing
  
  

USDA Loans (U.S. Department of Agriculture)

USDA loans are designed to promote homeownership in eligible rural and suburban areas. Many buyers are surprised to learn that large portions of Texas qualify.

Key benefits:

• 100% financing (no down payment)
  
  

• Lower mortgage insurance costs
  
  

• Flexible income and credit guidelines
  
  

• Primary residence only
  
  

• Property must be in an eligible USDA area
  
  

FHA 203(k) Renovation Loans

An FHA 203(k) loan allows you to purchase or refinance a home and include renovation costs in one single loan.

Key benefits:

• Finance repairs and improvements into your mortgage
  
  

• Low down payment options
  
  

• Ideal for fixer-uppers
  
  

• One loan, one closing
  
  

FHA Construction-to-Permanent Loans

This loan allows borrowers to finance the construction of a new home and convert it into a permanent mortgage after completion.

Key benefits:

• One-time close construction financing
  
  

• Low down payment options
  
  

• Flexible credit requirements
  
  

• FHA-insured permanent loan
  
  

Energy-Efficient Mortgage (EEM)

Energy-efficient mortgages allow borrowers to finance approved energy-saving improvements into their home loan.

Key benefits:

• Finance energy upgrades with little to no increase in monthly payment
  
  

• Available with FHA, VA, and USDA loans
  
  

• Lower utility costs over time
  
  

Which Loan Is Right for You?

Every borrower’s situation is unique. Insurable loans can be a great option for buyers who want flexible guidelines, lower upfront costs, or specialized programs. I’ll help you compare options and choose the loan that best fits your goals.

Quick Takeaways

• FHA is great if you need flexible credit guidelines and a low down payment.
  
  

• VA is hands-down one of the best loan programs available if you’re eligible.
  
  

• USDA offers 100% financing for buyers who meet income and location requirements.

👉 Have questions or want to explore your options? Let’s talk.

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