What is the difference between FHA and VA loans?

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February 17 - Rosharon
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Answers (1)

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The V.A. (Veterans Administration) loan is only for those who have served in the military. It is 0% down and can be more restrictive getting a house to qualify for the loan. To get a V.A. loan a vet has to apply with the correct paperwork to be approved for it.

A F.H.A. loan is a 3.5% down (or more) givernment backed loan that anyone with decent credit should be able to get.

A U.S.D.A. loan may also be 0% down and applies to rural properties.
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February 17
 

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QuestionWhat is the difference between FHA and VA loans?
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