Government Mortgage Loans
Government-backed mortgages give today’s homebuyers flexible guidelines, low down payment options, and powerful long-term benefits—especially for first-time buyers, military members, and borrowers rebuilding their financial profile.
These programs are insured by federal agencies, which allows lenders like Quaint Oak Mortgage to offer features you won’t find in many conventional loans.
Government Backed Lending Options
Whether you’re early in your homebuying journey or looking to refinance into a more affordable payment, our team is here to help you choose the right path with confidence.
Some of the most popular government mortgage loans include:
- USDA Guaranteed Rural Housing (GRH) Loans: Loans Administered by the Rural Housing Service (RHS), Part of the U.S. Department of Agriculture
- Federal Housing Administration (FHA) Loans: Loans Administered by the U.S. Department of Housing and Urban Development (HUD)
- Veterans Affairs (VA) Loans: Government Mortgage Loans Insured by Veterans Affairs
FHA Loans
Flexible, Affordable Financing for First-Time and Repeat Homebuyers
FHA loans, backed by the Federal Housing Administration, are one of the most popular programs for buyers. They’re designed to make homeownership more accessible, especially if you’re working on strengthening your credit or need a lower down payment.
Why Homebuyers Choose FHA Loans
- Low Down Payment Options — As little as 3.5% down with a qualifying credit score.
- Flexible Credit Requirements — FHA is one of the most credit-forgiving programs available.
- Higher DTI Allowances — Great for buyers balancing student loans or other monthly debts.
- Competitive Interest Rates — Because the loan is insured, borrowers often secure lower rates.
- Gift Funds Allowed — Family members can help you with down payment and closing costs.
Who Is an FHA Loan Good For?
- Low Down Payment Options — As little as 3.5% down with a qualifying credit score.
- Flexible Credit Requirements — FHA is one of the most credit-forgiving programs available.
- Higher DTI Allowances — Great for buyers balancing student loans or other monthly debts.
- Competitive Interest Rates — Because the loan is insured, borrowers often secure lower rates.
- Gift Funds Allowed — Family members can help you with down payment and closing costs.
At Quaint Oak Mortgage, we walk you through your credit, income, debt, and down payment options so you know exactly what to expect and how to strengthen your approval before you apply.
VA Loans
Powerful Zero-Down Financing for Eligible Veterans, Active-Duty Service Members, and Surviving Spouses
VA loans are backed by the U.S. Department of Veterans Affairs and offer some of the most generous benefits in the mortgage industry. If you’ve served our country, this program is designed to serve you—helping you build long-term stability, generational wealth, and financial freedom through homeownership.
Top Benefits of a VA Loan
- No Down Payment Required — Qualified borrowers can finance 100% of the home’s purchase price.
- No Monthly Mortgage Insurance — A major savings compared to FHA or low-down conventional loans.
- Competitive, Often Lower Interest Rates — VA-backed loans typically offer some of the best rates available.
- Flexible DTI Guidelines — The VA focuses on residual income, which helps more borrowers qualify.
- More Lenient Credit Guidelines — Perfect for buyers rebuilding their financial profile after service.
- Reduced Closing Costs — Some fees are capped or waived for VA borrowers.
Who Qualifies for a VA Loan?
You may qualify if you are:
- An active-duty service member
- A veteran
- A member of the National Guard or Reserves
- An eligible surviving spouse
If you’re unsure whether you’re eligible, the Quaint Oak Mortgage team can help you review your service history and obtain your Certificate of Eligibility (COE).
USDA Guaranteed Rural Housing Loans
USDA guaranteed rural housing loans are designed to provide borrowers in rural areas with a path to homeownership. This program is unique in that eligible borrowers can finance 100% of the appraised value. That means if the appraised value of the home is greater than the sales price, a borrower can finance eligible loan closing costs, reducing out-of-pocket expenses. The up-front and monthly mortgage insurance premiums are usually lower than those of FHA loans, and borrowers can feel secure with a 30-year fixed-rate mortgage.
Unlike VA and FHA loans, the GRH loan program has both income limitations and location requirements. Properties must be for primary residence occupancy only and must be located in an area deemed rural by the USDA. Additionally, all members of the household, whether on the loan or not, must fall under income limits for the area. First time homebuyers and repeat homebuyers may qualify for this unique mortgage product. Contact one of our experienced mortgage bankers today to see if you meet the criteria for a USDA GRH loan.
Why Choose Quaint Oak Mortgage for Your Government Loan?
Because buying a home is not one-size-fits-all—and neither is your mortgage.
At Quaint Oak Mortgage, you’ll work with a knowledgeable, supportive lending team who guides you step-by-step, explains your options clearly, and helps you structure your loan in a way that builds long-term financial health. Whether you’re a first-time buyer, a veteran, or a homeowner looking to refinance, we’ll help you make confident, empowered decisions.
Ready to Learn Which Program Is Right for You?
Whether you’re leaning toward FHA for the flexible guidelines or VA for the unmatched benefits, you don’t have to make the decision alone. We’ll help you compare programs, run payment scenarios, and map out what you need to qualify—all with full transparency and zero pressure.
Start your application online or connect with a loan expert today. Homeownership is closer than you think.