Federal Mortgage (2026)

: Assists low-to-moderate-income families and first-time homebuyers.

: Requires both upfront and monthly Mortgage Insurance Premiums (MIP) . VA Loans (Department of Veterans Affairs) : federal mortgage

: Typically requires no down payment and no private mortgage insurance (PMI) . USDA Loans (U.S. Department of Agriculture) : USDA Loans (U

: Promotes homeownership in designated rural and some suburban areas. Requirements : Requires a Certificate of Eligibility (COE)

: Provides specialized benefits for active-duty service members, veterans, and eligible surviving spouses. Requirements : Requires a Certificate of Eligibility (COE) .

A "federal mortgage" typically refers to that are insured or guaranteed by federal agencies to help make homeownership more accessible. These loans are issued by private lenders, like banks or credit unions, but the government's backing reduces the risk for those lenders, often leading to more flexible qualification requirements. Primary Types of Federal Mortgages FHA Loans (Federal Housing Administration) :

: Offers 100% financing (no down payment) with lower mortgage insurance costs than FHA loans. Key Benefits Different types of government-backed home loans