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Government Home Loans


Are you eligible for a government home loan?

If you are an active retired serviceperson, plan to use the FHA loan for your home purchase, or are looking to live in a designated rural area, these government home loan options may be the right choice for you. We pair you with the most suitable loan for your circumstances, income and financial situation.

FHA Loans Overview

  • 3.5% minimum down payment required.
  • Government-insured, reducing lender’s risk.
  • Fixed-rate and adjustable-rate (ARM) options available.
  • Credit scores from 620 accepted.
  • Suitable for single-family homes, 2-4 unit properties, modular homes, condominiums, and Planned Unit Developments (PUDs).
  • Temporary buydowns can reduce initial interest rates for 1-2 years.

The Federal Housing Administration (FHA) has updated its loan limits and guidelines for 2024.

Here are the key points:

Loan Limits:

  • The FHA floor loan limit for single-family homes is now $498,257.
  • The ceiling loan limit for single-family homes in high-cost areas has increased to $1,149,825.
  • For 2-unit properties, the limit is $637,950.
  • For 3-unit properties, the limit is $771,125.
  • For 4-unit properties, the limit is $958,350.

Eligible Properties:

  • The updated limits apply to various property types, including single-family homes, 2-4 unit properties, modular homes, condominiums, and Planned Unit Developments (PUDs).

Credit Scores:

  • Minimum credit scores for FHA loans remain at 580 for most borrowers with a 3.5% down payment.
  • Borrowers with credit scores between 500-579 may still qualify but will need a 10% down payment.


Government Mortgage Loan Programs

FHA Loans

FHA 203k Home Loan

FHA Streamline Refinance

USDA Loans

VA Loans

More Options

Our Government Mortgage Loans include:​

FHA Loans

If you are a first-time homebuyer, an FHA Loan might be a good choice due to its relaxed requirements. FHA loans are partially insured by the government, which reduces a lender’s risk and makes qualifying for the loan simpler. This means you may be able to make your purchase investment much sooner than you hoped. Give us a call, and we’ll walk you through everything you need to know to find out if this is the right solution for you. 

You may qualify to buy with a low, 3.5% down payment. Credit scores from 580 are allowed for most borrowers with a 3.5% down payment, while scores between 500-579 require a 10% down payment. Both fixed-rate and adjustable-rate mortgages (ARMs) are available. You may finance a single-family home, 2-4 unit property, modular home, condominium, or a Planned Unit Development (PUD) property. Temporary buydowns may reduce your initial interest rate for 1-2 years. Additionally, the new 2024 FHA loan limits have increased, allowing higher maximum loan amounts depending on your location.

FHA 203(h) Fixed and High Balance Fixed

If you are looking to buy a home that requires repairs or renovations an FHA 203k can help provide those additional funds before moving in. Credit scores from 620 are allowed. You are required to finance at least $5,000 of renovation/repair work. The total loan amount depends on several factors, including which Rehab loan is best for you! Eligible properties include single-family homes, 2-4 unit properties, modular homes, and Planned Unit Development (PUD) properties.

FHA Streamline Refinance

If you currently have an FHA mortgage, an FHA Streamline Refinance offers several options.

USDA Rural Housing Fixed

The United States Department of Agriculture (USDA) Rural Housing Fixed home loan is an area-specific loan designed for individuals moving to or living in particularly rural areas. Qualified locations allow for home loans on all standard property types for a primary residence. Approved property types include single-family, modular, condominium and more.

Take advantage of our elite USDA rates starting at a 640 credit score. Special low rates for qualified borrowers – $125,000 minimum loan amount 100% financing – no down payment required. Seller credits may help pay for closing fees. Potentially roll closing fees into your monthly payment


The VA adjustable-rate mortgage provides a solution for individuals both advice in and retired from the US Armed Forces as a veteran. Credit scores as low as 620 are accepted under this veteran-specific product, with the opportunity to take out a home loan for a primary residence, second home or investment properties. All standard property types are covered, including modular, single-family, planned unit and VA-approved condominiums. Click here to learn more about VA Loans.

VA High Balance ARM and Fixed

VA High Balance ARM and Fixed loans offer an alternative to the standard adjustable-rate VA home loan, offering greater freedom for veterans living in high-cost areas. Both fixed and adjustable-rate options are available, with suitability for primary, secondary and investment properties. Most property types are covered under this veteran loan, including modular, single-family, condominium and manufactured homes.

Click here to learn more about our VA Loans.

Start Your Mortgage Pre-Qualification Today

Fill out the form below

Just fill out the quick mortgage form below to give our team a little information about your situation and we’ll be in touch right away to start your mortgage pre-qualification. Click here to contact us directly. After completing the form below, someone from our mortgage team will contact you back within 1-2 business days.

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