Common Loan Programs


FHA Loans

FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment. FHA loans are available for single family and multifamily homes. These home loans allow banks to issue loans with minimal risk or capital requirements. It is important to remember that the FHA doesn't issue loans or set interest rates, it just guarantees the loans against default. FHA loans allow individuals who may not qualify for a conventional mortgage obtain a loan, especially first-time home buyers. These loans offer low minimum down payments, reasonable credit expectations, and flexible income requirements.

VA Loans

VA loans are mortgages that are guaranteed by the Department of Veteran Affairs. These loans offer active duty members and military veterans exceptional benefits, including low interest rates and no down payment requirements. This program was designed to help military veterans realize the American dream of home ownership.

The way that the program works is The Veterans Administration provides insurance to lenders in the case of a default on a loan. Because the mortgage is guaranteed, lenders can offer a lower interest rate and better terms than with a conventional home loan.  The VA home loans are typically available to military personal that have either served 181 days during peacetime, 90 days during war, or a spouse of serviceman either killed or missing in action.

In addition, to the VA loan many lenders have special programs for veterans that may also reduce closing costs. Additionally, through my affiliation with U.S. Military On The Move I am able to offer my qualifying clients a rebate at closing of 20% of my earned commission. Please ask me about this great program.


The USDA has several housing programs that can benefit buyers in rural areas. The most common in our area is the USDA Single Family Guaranteed Loan Program.

This program assists approved lenders in providing low- and moderate-income households the opportunity to own a home in an eligible rural area. The program provides the lenders with a 90% loan guarantee to reduce the risk of extending 100% loans. To qualify for the loan the property and the buyers need to meet certain requirements including income eligibility and property location.

Texas Veterans Land Board (VLB)

I am proud to be a Participating Realtor in the Texas Veterans Land Boards programs helping Texas veterans. Back in 1983, the Texas Legislature created the Veterans Housing Assistance Program (VHAP) to help Texas Veterans in buyer a home. Eligible Texas Veterans have the opportunity to buy a home with competitive, low-interest loan with little to no money down. Veterans, military members and their spouses may receive up to limit, currently $424,100, on a fixed-rate loan for up to 30 years. Veterans with a VA service-connected disability rating of at least 30% can qualify for a discounted interest rate.