Government-backed loans, explained in plain English.
FHA and VA loans help a lot of Arizona buyers get into a home. They also come with their own rules for the property, the appraisal, and your offer. Here is what to know.
Flexible guidelines for many buyers
FHA loans are insured by the Federal Housing Administration. They are popular with first-time buyers because their credit and down payment guidelines are often more flexible than conventional loans.
- The home must be your primary residence
- FHA loans include mortgage insurance
- The appraisal checks the home's condition as well as its value
- Condos must be on the FHA-approved list, or approved individually
A benefit earned through service
VA loans are guaranteed by the U.S. Department of Veterans Affairs for eligible veterans, service members, and some surviving spouses. They offer benefits that are hard to match, and they come with their own steps.
- You will need a Certificate of Eligibility
- The home must be your primary residence
- The VA appraisal has its own property requirements
- VA loans do not require monthly mortgage insurance
Write offers that hold up through appraisal.
FHA and VA offers can be just as strong as any other when they are written well. I help you spot homes that may have trouble meeting appraisal requirements, check condo approvals early, and present your offer so sellers feel confident.
Down payment help can work alongside FHA and VA loans.
Many assistance programs can be combined with FHA loans, and some work with VA loans to help with closing costs. Each program has its own rules.
"It was a pleasure working with Stephen to find the right fit for our family. He did not rush the process and took into consideration all of our wants and needs."Seneca S., Google review
FHA and VA questions
Which is better for me, FHA, VA, or conventional?
It depends on your eligibility, credit, savings, and the home you want. If you qualify for VA, it is often worth a close look. We compare the real costs of each option for your situation.
Do sellers accept FHA and VA offers?
Yes, many do. A well-prepared offer with a solid pre-approval and clear terms helps sellers feel confident about your loan type.
Can I buy a condo with an FHA or VA loan?
Often, yes. The condo project may need FHA or VA approval, so we check before you fall in love with a unit.
How do I get my VA Certificate of Eligibility?
A lender can usually request it for you online, or you can request it through the VA. I can help you get it started.
Find out which loan fits your next home.
A 15-minute call to compare FHA, VA, and conventional options side by side.