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  2. FHA vs. VA loans: What’s the difference? - AOL

    www.aol.com/finance/fha-vs-va-loans-difference...

    You can get a VA loan for no money down, but FHA loans require a down payment of at least 3.5 percent. FHA loans require an upfront and ongoing mortgage insurance premium, while VA loans require ...

  3. FHA insured loan - Wikipedia

    en.wikipedia.org/wiki/FHA_insured_loan

    The FHA makes no loans, nor does it plan or build houses. As in the Veterans Administration's VA loan program, the applicant for the loan must make arrangements with a lending institution. This financial organization then may ask if the borrower wants FHA insurance on the loan or may insist that the borrower apply for it.

  4. Federal Housing Administration - Wikipedia

    en.wikipedia.org/wiki/Federal_Housing_Administration

    Among the challenges faced by homebuyers, 13% of all buyers and 24% of those under the age of 37 find the down payment requirement to be the most daunting task. On average, the down payment amount is $6,624. FHA borrowers have an average debt-to-income ratio of 40.34%, and the typical FHA loan amount is $191,650.

  5. VA loan - Wikipedia

    en.wikipedia.org/wiki/VA_loan

    A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs (VA). The program is for American veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and ...

  6. FHA loans: Definition, requirements and limits - AOL

    www.aol.com/finance/fha-loans-134807555.html

    Basic home mortgage loan or 203(b) loan: The 203(b) loan is the FHA’s main home loan program for buying a home or refinancing. These loans come with fixed and adjustable-rate options, as well as ...

  7. VA loans: What they are and how they work - AOL

    www.aol.com/finance/va-loans-200043770.html

    For those who are eligible, VA loans have many benefits, but they also have drawbacks to consider. Pros of a VA loan. No down payment: VA loans allow you to purchase a home with zero down payment ...

  8. Government National Mortgage Association - Wikipedia

    en.wikipedia.org/wiki/Government_National...

    FHA also was tasked with chartering and regulating a national mortgage association that would buy and sell FHA-insured mortgages. In 1938, Congress amended the act to create the Federal National Mortgage Association, more commonly known as "Fannie Mae", to help mortgage lenders gain further access to capital for mortgage loans.

  9. Are government loans easier to get? - AOL

    www.aol.com/finance/government-loans-easier...

    For example, while conventional loans may have a seven-year waiting period if you had a past foreclosure, Tooley says that FHA loans have a standard three-year waiting period, while VA loans have ...

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