FHA loans usually offer liberal qualifying criteria and require smaller down payments. Both fixed and adjustable loans are available. These loans are insured by the Federal Housing Administration and you must meet certain FHA guidelines. These loans are offered directly to the home buyer via companies such as National City Mortgage. You could call the FHA loan the original first-time homebuyer program.
VA Loans
Eligible veterans can get long-term loans with little or no down payment, more flexible qualifying standards, and possibly, lower interest rates. These loans are made possible by the Department of Veterans Affairs. They are offered directly to the home buyer via companies such as National City Mortgage. Fixed loans are available
.gif)
