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Rainmaker
589,629
Tony Lewis
RE/MAX of Valencia (Hall of Fame) 30 year Valencia Resident - Valencia, CA
Summit Real Estate Santa Clarita & OC Laguna Nigel

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
Ambassador
1,706,708
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
1,618,650
Lyn Sims
RE/MAX Suburban - Schaumburg, IL
Schaumburg Real Estate

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

Jan 16, 2017 11:39 AM
Rainmaker
465,654
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
5,388,650
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

Lyn Sims has it....

Jan 16, 2017 11:41 AM
Rainer
216,935
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
1,411,327
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
4,921,226
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
3,494,180
Nina Hollander
Coldwell Banker Realty - Charlotte, NC
Your Charlotte/Ballantyne/Waxhaw/Fort Mill 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
Ambassador
3,302,643
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
2,468,722
Fred Griffin Tallahassee Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

What Joe Pryor said.

Jan 16, 2017 09:46 PM
Ambassador
4,306,997
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
Ambassador
3,985,307
Debbie Reynolds
Platinum Properties - Clarksville, TN
Your Dedicated Clarksville TN Real Estate Agent

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

Jan 16, 2017 08:05 PM
Rainmaker
583,675
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
Rainmaker
1,591,146
Kat Palmiotti
406-270-3667, kat@thehousekat.com, Broker, Blackstone Realty Group - brokered by eXp Realty - Kalispell, MT
The House Kat

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
3,058,340
John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Lyn Sims has the proper answer.

Jan 16, 2017 04:01 PM
Rainmaker
144,616
Julie Larson Realtor® Sarasota FL 941-882-0322
PalmerHouse Properties Florida - 941-882-0322 | 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
3,960,121
Dorie Dillard CRS GRI ABR
Coldwell Banker Realty ~ 512.750.6899 - Austin, TX
Serving Buyers & Sellers in NW Austin Real Estate

I'd say Lyn Sims made it clear.

Jan 16, 2017 03:35 PM
Rainmaker
3,481,908
Richard Weeks
Dallas, TX
REALTOR®, Broker

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

Jan 16, 2017 02:55 PM
Rainmaker
2,886,061
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

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
4,432,941
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
1,157,329
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
4,756,318
Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Just a few more lending programs

Jan 16, 2017 01:12 PM
Rainmaker
5,883,749
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

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

Jan 16, 2017 01:08 PM
Rainmaker
821,950
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
1,916,936
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Affordable Loan Packages

Jan 16, 2017 12:39 PM
Rainer
25,995
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
Ambassador
2,209,980
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
54,243
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
864,056
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
3,066,356
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
Ambassador
1,615,582
Harry F. D'Elia III
RentVest - Phoenix, AZ
Investor , Mentor, GRI, Radio, CIPS, REOs, ABR

They turn renters into home owners

Jan 17, 2017 04:43 AM
Rainmaker
3,985,581
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
Rainmaker
1,482,006
Carol Williams
Although I'm retired, I love sharing my knowledge and learning from other real estate industry professionals. - Wenatchee, WA
Retired Agent / Broker / Property Manager

What Tony Lewis said.

Jan 16, 2017 02:46 PM