The U.S. government has helped millions of people achieve the American Dream with programs that make it easier to become homeowners.
At Vermont Mortgage Company, we’re here to help you navigate these programs and understand your options.
FHA Loan: A Federal Housing Administration loan is provided by a lender and insured by the government. An FHA loan allows you to qualify with as little as 3.5% down. Since FHA is insured by the government, lenders are more willing to provide loans for borrowers with less than perfect credit.
Rural Development Loan: A USDA Rural Development loan, or RD loan, allows a qualified borrower to become eligible for a home with no money down. The RD loan is insured by the United States Department of Agriculture.
VA Loan: A VA loan is a benefit Americans receive from the government for serving their country as part of the military. VA loans allow for 100% financing.
Want to know more about these government loan programs? Contact us today for more information.