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Rainmaker
763,883
Tony Lewis
Summit Real Estate Group - Valencia, CA
Summit Real Estate Group Valencia & Aliso Viejo

They both promote home ownership for primary use since they make qualifying easier and offer a lower down payment.

Jan 16, 2017 01:27 PM
Rainmaker
1,712,676
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

If you have to ask you shouldn't be getting your license. This is beyond basic.

Jan 16, 2017 12:45 PM
Rainmaker
1,844,301
Lyn Sims
Schaumburg, IL
Real Estate Broker Retired

Low money down loans, back end ratios a little higher so more people qualify.

Jan 16, 2017 11:39 AM
Rainmaker
711,852
Lynnea Miller
Bend Premier Real Estate - Bend, OR
Premier Real Estate Service in Central Oregon

For real estate, they offer loan programs that enable certain people to purchase homes who may not be able to with conventional financing.

Jan 16, 2017 12:04 PM
Rainmaker
5,583,278
Barbara Todaro
RE/MAX Executive Realty - Happily Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Lyn Sims has it....

Jan 16, 2017 11:41 AM
Rainer
225,526
Bob Betel
Allstar Home Mortgage, Inc. - Sweetwater, TN
President, Allstar Home Mortgage, Inc

If you are an agent, you should know this answer. If you are a student, you should ask for your money back as they are not teaching you. This is real estate agent class 101, 2nd day class question. 

Jan 16, 2017 03:28 PM
Rainmaker
1,466,207
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

abby tiscareno FHA provides insurance for low down payments and the VA guarantees loans with 100% financing.

Jan 16, 2017 01:02 PM
Rainmaker
5,772,575
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Abby,

Lyn Sims said it perfectly!

Jan 16, 2017 12:25 PM
Rainmaker
5,104,931
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

They allow people to buy a house with low or no money down. FHA borrowers also can have tighter credit ratios.

Jan 17, 2017 04:28 AM
Rainmaker
4,272,548
Paul S. Henderson, REALTOR®, CRS
Fathom Realty Washington LLC - Tacoma, WA
South Puget Sound Washington Agent/Broker!

It's all about low money down and insuring the loans...

Jan 16, 2017 11:19 PM
Ambassador
2,684,109
Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

What Joe Pryor said.

Jan 16, 2017 09:46 PM
Rainmaker
4,319,419
Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

abby tiscareno good loan products with virtually nothing down! Buyers with no down payment can buy the home.

Jan 16, 2017 09:44 PM
Rainmaker
3,988,007
Debbie Reynolds, C21 Platinum Properties
Platinum Properties- (931)771-9070 - Clarksville, TN
The Dedicated Clarksville TN Realtor-(931)320-6730

They allow buyers to get into homes with low to zero downpayments.

Jan 16, 2017 08:05 PM
Rainmaker
599,274
Nathan Gesner
American West Realty and Management - Cody, WY
Broker / Property Manager

They enable more people to move into home ownership.

Jan 16, 2017 05:35 PM
Ambassador
2,436,099
Kat Palmiotti
eXp Commercial, Referral Divison - Kalispell, MT
Helping your Montana dreams take root

Many people can't afford to purchase a home unless they use an FHA or VA mortgage which require low (or no) down payments and have better % interest.

Jan 16, 2017 04:41 PM
Rainmaker
4,160,812
John Pusa
Glendale, CA

Lyn Sims has the proper answer.

Jan 16, 2017 04:01 PM
Rainmaker
151,633
Julie Larson Realtor® Sarasota FL 941-284-9826
White Sands Realty Group FL | 941-284-9826 | Serving Sarasota, Manatee & Charlotte Counties - Sarasota, FL
When you're thinking of moving...ThinkSuncoast.com

Both FHA and VA financing make housing affordable for people who have decent credit, a good work history and income, but don't have much in the way of funds for a down payment.

Jan 16, 2017 03:56 PM
Rainmaker
5,005,642
Dorie Dillard Austin TX
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
NW Austin ~ Canyon Creek and Spicewood/Balcones

I'd say Lyn Sims made it clear.

Jan 16, 2017 03:35 PM
Rainmaker
4,882,355
Richard Weeks
Dallas, TX
REALTOR®, Broker

Alternative financing to those who do not quality for a conventional loan.

Jan 16, 2017 02:55 PM
Ambassador
3,345,091
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate Services

Both offer financing options for buyer who may otherwise not be able to purchase a home. FHA low down payments and VA loans for veterans. 

Jan 16, 2017 02:01 PM
Rainmaker
4,434,127
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Lyn has answered.

Jan 16, 2017 01:48 PM
Rainmaker
1,157,785
FN LN
Toronto, ON

Virginia is one of the 50 states in the USA, right beside Washington, DC, and where many US federal employees live and tourists visit.

The Fraser Health Authority is one of six publicly funded health care regions in British Columbia and provides important health services to residents of our great nation who live in that part of our beautiful country.

 

Jan 16, 2017 01:40 PM
Ambassador
6,393,404
Bob Crane
Woodland Management Service / Woodland Real Estate, KW Diversified - Stevens Point, WI
Forestland Experts! 715-204-9671

Just a few more lending programs

Jan 16, 2017 01:12 PM
Rainmaker
7,836,134
Roy Kelley
Retired - Gaithersburg, MD

FHA and VA programs are good choices for many home buyers.

Jan 16, 2017 01:08 PM
Rainmaker
921,504
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

More liberal qualifying requirements.

Assignment of traditional costs to seller.

Often with very little money down.

VA or FHA is often the ONLY financing option for first time buyers. (the industry definition)

Jan 16, 2017 01:07 PM
Rainmaker
2,182,552
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Affordable Loan Packages

Jan 16, 2017 12:39 PM
Rainer
26,095
shawn herring
Region Engineering & Surveying - Vineyard, UT

For those answering something like:

 

"If you have to ask you shouldn't be getting your license. This is beyond basic."

 

Shame on you.  I am assuming they are a student and not looking for smart ass comments, but only doing as they ask.  Some online schools want students to reach out and see the varying answers and get multiple take on things.  Thanks to those who actually answered instead of wasting time with a troll post.

Feb 28, 2017 08:35 AM
Rainmaker
2,224,473
Debbie Laity
Cedaredge Land Company - Cedaredge, CO
Your Real Estate Resource for Delta County, CO

I couldn't have said it better than Christina Hayes . Good luck with your studies. 

Jan 17, 2017 06:54 PM
Rainer
55,673
Joe D'Agostino
NMLS# 729950 - Manahawkin, NJ
Mortgage Officer 46 years!

Joe Pryor makes a valid point. This is a basic loan product. Many buyers have less than the normal 20% down on a Conventional mortgage. Therefore we have FHA with only 3.5% down,VA with No Money Down,as well as USDA that can do 100% finance. Do the math. On a $250,000. home the 20 % down is $50,000. plus closing costs. Not too many people can write a check for $50-60,000 today,so these government deals are perfect. A survey was done where they asked millennials if they could write a check for $1,000. 67% said they could  not.

Jan 17, 2017 10:59 AM
Rainmaker
864,658
Les & Sarah Oswald
Realty One Group - Eastvale, CA
Broker, Realtor and Investor

Loan program option for buyers who have been in the military or have limited funds for downpayment. 

Jan 17, 2017 06:03 AM
Rainmaker
3,071,489
Tony and Suzanne Marriott, Associate Brokers
Serving the Greater Phoenix and Scottsdale Metropolitan Area - Scottsdale, AZ
Haven Express @ Keller Williams Arizona Realty

Tony Lewis  nailed this one!

Jan 17, 2017 05:29 AM
Rainmaker
1,617,916
Harry F. D'Elia III
WEDO Real Estate and Beyond, LLC - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

They turn renters into home owners

Jan 17, 2017 04:43 AM
Rainmaker
3,986,258
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

Allows many peoole to buy a home sooner than they could have because of down payment and income.

Jan 16, 2017 06:39 PM
Ambassador
2,178,603
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Prop. Mgr, Wenatchee, WA

What Tony Lewis said.

Jan 16, 2017 02:46 PM