A popular means for making a first home affordable is through an FHA/VA mortgage program. FHA/VA mortgages offer the following features:

Federal Housing Administration (FHA) Loans

Available to most first-time homebuyers, FHA mortgages allow you to move into your new home with less out-of-pocket cash than required with most conventional loans. The federal government insures these loans to make home ownership affordable to people with modest means who can’t afford large down payments.

Veterans Affairs (VA) Loan

Available to veterans of the armed services, active-duty personnel, reservists, and their spouses, VA mortgages require no down payment and offer some of the easiest qualifying requirements of any home loan.