A Government Loan is subsidized by the U.S. Government and protects lenders against defaults on payments. The goal of government backed loans is to make it easier for lenders to offer low income households and first time home buyers mortgages at lower interest rates.
FHA Loans are insured by the Federal Housing Administration (FHA). Also known as a government mortgage.
FHA 203(k) Streamline Loans
An FHA 203k Streamline Loan is backed by the federal government and provides an option to buyers who would like to buy a damaged or older home and do repairs on it. The FHA 203(k) Streamline Loan allows the buyer to bundle renovation costs into the mortgage.
USDA / Rural Development Loans
USDA Loans are offered to rural property owners to encourage rural land development and growth.
VA Loans are guaranteed by the Department of Veterans Affairs (VA). Also known as a government mortgage.
FHA Streamline Refinances
FHA Streamline Refinances are a simple and quick way for FHA-insured homeowners to refinance their respective mortgages into today's mortgage rates.
Home Affordable Refinancing Program (HARP)
HARP is a federal program the help underwater or near underwater homeowners refinance.