Builders Turning to FHA and VA Financing

With the modernization of the FHA and VA mortgage programs builders and Realtors® are increasingly turning to FHA and VA mortgage financing.

Let’s look at several areas that will have a positive effect for your buyers and sales.

Lower Down Payments

FHA - 3% down payment

VA - zero down payment

Benefit- Reduces the amount of money required for a down payment by the buyers. Note: 50% of the buyers today are first time home buyers.

More of your customers will qualify under an FHA or a VA mortgage program than with conventional financing.


Credit Challenged Buyers

Many of our buyers may have some issues with their credit. Both programs are more flexible than conventional mortgage financing.

The mortgage amounts to income ratios are more flexible for the buyers than traditional conventional financing. Both programs are more flexible in working with credit challenge buyers.

Benefit- More of your customers will be approved for mortgages.

Mortgage Processing

The programs have been streamlined. FHA and VA are using local appraisers resulting in quicker appraisal turn around. The mortgages are now being approved in a shorter period of time.


Local Lending Limits

Check with your local FHA and VA lenders for the most current information for your local mortgage lending limits.


FHA and VA financing is a business opportunity to close additional sales.