FHA, VA, and USDA are insured or guaranteed by a federal agency, so lenders can accept lower down payments and more flexible credit.
Low down payment, flexible credit
Insured by the Federal Housing Administration. 3.5% down from a 620 score, gift funds allowed, and manual underwriting when the automated answer is no but the file deserves a human look.
Purchase and repairs in one loan
Buy a home that needs work and finance the renovation budget in the same FHA loan, with the same 3.5% down. Contractor bids set the repair amount.
0% down for those who served
Guaranteed by the Department of Veterans Affairs for eligible veterans, active-duty service members, and surviving spouses. No down payment, no monthly mortgage insurance, and a funding fee that can be financed.
0% down outside the city core
No down payment for homes in USDA-eligible rural and suburban areas, with household income limits by county. Many towns near the DC, Richmond, and Texas metros qualify.
Official guidelines: HUD: FHA loans · VA: Home loans · USDA Rural Development: Single family housing
AM Lending works with FHA files from a 620 score with 3.5% down. FHA allows gift funds for the down payment and manual underwriting, so a file the automated system declines can still be reviewed by a human underwriter.
Yes. Eligible veterans, active-duty service members, and surviving spouses can finance 100% of the purchase price with no monthly mortgage insurance. A one-time VA funding fee applies and can be rolled into the loan; some disabled veterans are exempt.
USDA loans work in rural and many suburban areas outside the urban core, including parts of Loudoun, Fauquier, Stafford, and Frederick counties. Eligibility is by property address and household income limit. Send us the address and we will check the USDA map for you.
Send us your scenario: income, credit, and savings. We'll tell you in plain language which programs apply, in English or Spanish.
Figures shown are typical program guidelines and vary by lender, property, and your profile. This is not a commitment to lend. All loans are subject to credit and underwriting approval. Programs, rates, and requirements are subject to change without notice.
Equal Housing Lender. We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the nation.
We serve you in English and Spanish. Licensed in DC, Maryland, Virginia, Florida, and Texas.