A government-backed loan can open doors.
Ready to realize your dream? You may qualify for a government-backed home loan. These loans are especially helpful for first-time homebuyers, with low or no down payment options, as well as flexible income and credit requirements.
FHA Loans
Federal Housing Administration (FHA) loans are issued by an FHA-approved lender, such as FMS Bank. These loans are insured by the FHA.
- Ideal for low- to moderate-income borrowers
- Flexible down payment and credit score requirements
- Requiring as little as 3.5 percent in down payment
VA Loans
A VA loan is guaranteed by the U.S. Department of Veterans Affairs. If you (or your spouse) served in the military, you may qualify for a VA loan.
- Designed to help veterans attain homeownership
- Buy, build, improve or refinance your primary home
- Flexible down payment and credit score requirements
- Low interest rates and no mortgage insurance required
- Most VA loans do not require a down payment
USDA Loans
USDA home loans are backed by the U.S. Department of Agriculture, as part of the USDA Rural Development Guaranteed Housing Loan program.
- Available to low- to moderate-income borrowers
- Designed to encourage homeownership in rural areas
- USDA loans are for primary residences only
- USDA loans may qualify for below-market interest rates
- Flexible down payment and credit score requirements
- Some USDA loans do not require a down payment
