FHA, VA & USDA Loans

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