Aside from VA Loans, below are a couple other options for purchasing your home.
Each comes with their own underwriting requirements and vary slightly with what one loan type can do compared to the other.
USDA Loans are administered by the U.S. Department of Agriculture for citizens, including veterans, with lower incomes to purchase homes and land in rural areas. To qualify, the property must be in a predefined eligibility zone. To see if a USDA Loan may be right for you, contact me so I may do the research for you.
Federal Housing Administration loans can be used by a variety of citizens, including veterans, for purchasing and improving "fixer uppers." Other FHA loans are offered specifically for senior citizens, first-time homebuyers, or those looking to purchase a home and make energy efficiency improvements.
A FHA loan does not offer the no-down payment mortgage option and comes with a form of mortgage insurance that borrowers pay both up front and monthly. We can help you decide if this is a good option for you.
Conventional loans come without any kind of government guarantee. They typically require a minimum down payment and may carry private mortgage insurance. Credit score requirements are often higher for conventional loans than for government-backed mortgages.