The Complete Guide to Home Loan Eligibility Skip to Content

Find the Right Home Financing

Let us help you get ready for homeownership. A good first step in your journey is to consider your home financing options. Every home loan on the market has unique features and requirements. This easy-to-use tool helps determine your eligibility for three popular home loan products. Get started today and find the right financing for your situation.

VA Home Loan Eligibility

The VA Loan program primarily serves our nation’s Veterans and active duty service members. The U.S. Department of Veterans Affairs has incorporated several powerful benefits into this program, including:

  • No down payment required
  • No mortgage insurance is required
  • Less stringent qualification standards

What are the VA loan eligibility requirements?

You may be eligible for a VA Home Loan if you meet one or more of the following conditions if:

  • You have served 90 consecutive days of active service during wartime,
  • You have served 181 days of active service during peacetime,
  • You have more than 6 years of service in the National Guard or Reserves, or
  • You are the spouse of a service member who has died in the line of duty or as a result of a service-related disability.

Interested in a VA home loan?
See if you're eligible today →

FHA Home Loan Eligibility

The FHA Loan program offers favorable terms that are popular among first-time homebuyers. The Federal Housing Administration guarantees these loans and key advantages include:

  • Down payments as low as 3.5%
  • Lower interest rates
  • Qualify with a credit score as low as 580

Interested in a FHA home loan?
Learn about the FHA Loan →

USDA Home Loan Eligibility

The USDA Loan program is a government-backed mortgage tailored for millions of homebuyers in rural and suburban areas. Backed by the U.S. Department of Agriculture, these mortgages are notable for:

  • No down payment required
  • Competitive interest rates
  • Flexible credit requirements

Interested in a USDA home loan?
Learn about the USDA Loan →

Conventional Home Loan Eligibility

Conventional Loans are the most common home financing option and feature no government guarantees. These loans follow guidelines set by Fannie Mae and Freddie Mac are known for the following features:

  • Minimum down payment of 5%
  • Favorable rates for borrowers with sterling credit
  • Use for primary residences, second homes, or rental properties

Interested in a conventional home loan?
See if you're eligible today →