FHA and VA Loans
At Capital City Home Loans, we believe homeownership should be accessible for all qualified borrowers — including those who may not meet the strict criteria of conventional financing. That’s why we proudly offer FHA and VA loan programs, which are designed to support first-time buyers, veterans, and others seeking affordable, government-backed mortgage options.
Whether you’re looking for a low down payment or want to use your well-earned military benefits, our experienced loan consultants will help you find the right solution.
What Is an FHA Loan?
An FHA loan is a mortgage insured by the Federal Housing Administration. It’s a popular choice among first-time homebuyers and those with limited savings or credit history. Because the loan is backed by the federal government, lenders can offer more flexible underwriting terms and lower barriers to entry.
Key Features of FHA Loans:
- Down payments as low as 3.5%
- Lower credit score requirements (typically 580 and above)
- Flexible debt-to-income ratios
- Available for 1–4 unit homes, condos, and manufactured homes
- Upfront and annual mortgage insurance premiums (MIP) apply
- Can be used for purchases or refinances
FHA loans are ideal for buyers who may not qualify for conventional financing but still want a safe, affordable path to homeownership.
What Is a VA Loan?
A VA loan is a benefit offered through the U.S. Department of Veterans Affairs to eligible veterans, active-duty service members, National Guard and Reserve members, and certain surviving spouses. VA loans are backed by the government and provide some of the most borrower-friendly terms available in the market.
Key Benefits of VA Loans:
- No down payment required in most cases
- No monthly mortgage insurance
- Competitive interest rates
- Limited closing costs
- Flexible credit guidelines
- Option to finance the VA funding fee
VA loans offer a powerful advantage for those who have served our country. Capital City Home Loans is honored to help military families use this benefit to buy or refinance a home.
FHA vs. VA Loans: Which One Is Right for You?
Each loan type has its own advantages depending on your background and financial profile:
- Choose FHA if you’re a first-time buyer, have a moderate credit score, or need a low down payment option with broader eligibility.
- Choose VA if you’re a qualifying veteran or service member looking to take advantage of zero down payment and lower overall costs.
Not sure which loan is the best fit? Our mortgage experts will evaluate your eligibility and help you choose the loan that aligns with your goals and budget.
