Your Northern Virginia Real Estate Resource

Conventional - A conventional loan is any mortgage which is not guaranteed or insured by the federal government. Conventional loans were the first traditional mortgage loans made by local lenders.

* Source: Financial Web at finweb.com

FHA - The Department of Housing and Urban Development (HUD) is the federal agency responsible for national policy and programs that address America's housing needs. The Federal Housing Authority  (FHA) which is part of the HUD plays a major role in supporting homeownership by underwriting homeownership for lower- and moderate-income families. FHA assists first-time home buyers and others who might not be able to meet down payment requirements for conventional loans by providing mortgage insurance to private lenders.

*Source: Mortgage X at mortgage-x.com

VHDA - The Virginia Housing Development Authority (VHDA) is Virginia's housing finance agency. VHDA has developed an array of Homeownership Loan Programs designed to remove the barriers of buying a home and meet the changing needs of today’s low- and moderate-income consumer. Home mortgage loans are available for both first-time buyers and repeat homeowners. Most of these loans are originated by private lenders.

*Source:  VHDA at vhda.com