Government Loans

FHA Home Loans
The main advantage to a FHA home loan is that the credit criteria are not as strict as Conventional Loans sold to Fannie Mae (FNMA) or Freddie Mac (FHLMC). Someone who may have had a few credit problems or no traditional credit should not have a problem obtaining FHA financing.

Federal and State VA Loans
VA (Veteran's Affairs) home loans offer an alternative to conventional loans for veterans who served active duty. These loans offer some nice benefits including lower closing costs and sometimes no down payment.

Rural Housing Single Family Guaranteed Loans
Guaranteed Rural Housing loans do not require a down payment. And if the appraised value is higher than the sale price, then closing costs, prepaid expenses, and lender required repairs can be added to the loan amount up to the appraised value of the property.