FAQs
Your Questions Answered
What is an FHA loan?
An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA insured loans are a type of federal assistance. Offers a lower down payment for lower credit scores. Housing options may be limited due to the condition of the property.
What is a USDA loan?
A USDA Home Loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture.
What is a VA loan?
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs. Ask us today if you qualify!
What is a conventional loan?
A conventional loan is a type of mortgage loan that is not insured or guaranteed by the government. Instead, the loan is backed by private lenders, and its insurance is usually paid by the borrower. Conventional loans can require that the borrower have a higher credit score than FHA loans.
How do I know what loan to apply for?
At Journey Mortgage, our advisors can help select the best loan option for each individual. Contact us today to get started!
