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Rainmaker
468,799
Dan Pittsenbarger
Keller Williams Western Realty - Bellingham, WA
Improving Conditions

I love being Fat Happy & Attached. It sure beats the days when I was Very Available. Whooops I thought I was on a different site.

Mar 25, 2019 05:52 AM
Rainmaker
4,111,553
Nina Hollander, Broker
Coldwell Banker Realty - Charlotte, NC
Your Greater Charlotte Realtor

They provide access to housing to people who might not otherwise be able to purchase.

Mar 25, 2019 04:36 AM
Rainmaker
4,204,874
Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker - Retired

Credit requirements, smaller downpayment and relaxed backend ratios. Increases the ability to qualify!

Mar 25, 2019 03:38 AM
Rainmaker
3,329,768
Scott Godzyk
Godzyk Real Estate Services - Manchester, NH
One of the Manchester NH's area Leading Agents

First with FHA, about 90% of my buyers getting a mortgage use FHA. It allows buyers topurchase at an affordable rate, lower down payment and better ratios. VA rewards those who have goven their service to protect us and this great nation. With no money down and and allowing sellers to pay all the closing costs, it is a wonderul program

Mar 25, 2019 05:17 AM
Rainmaker
882,999
Peter Mohylsky. Broker -BRIX REALTY
Miramar Beach, Florida - Santa Rosa Beach, FL
BRIX REALTY -DESTIN

Two forms of affordable home loans.

Mar 25, 2019 04:12 AM
Rainmaker
2,078,929
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

What do you think is kennith Frazier ?  It's like are air and water important. You need tailor made programs to fit the purchaser. Because your buyer does not always have a wallet or purse of enough cash to buy a home outright free and clear of a mortgage.

Mar 25, 2019 03:42 AM
Rainmaker
6,599,923
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

These are excellent mortgage loan products for first time home buyers with limited funds.

Mar 25, 2019 03:15 AM
Rainmaker
684,215
Peter Testa
Nationwide Homes - Danbury, CT
PETER TESTA

Low down payments

Mar 25, 2019 05:14 AM
Rainmaker
563,429
Maria Sapio
Keller Williams of Central PA - Carlisle, PA
Real Estate Agent- Carlisle, PA. Mariasapio.com

Two types of mortgage loan products.

Mar 25, 2019 05:02 AM
Rainmaker
888,247
Annette Lawrence , Palm Harbor, FL 727-420-4041
ReMax Realtec Group - Palm Harbor, FL
Making FLORIDA Real Estate EZ

That's where the money is!

A significant percentage of homes are purchased via FHA backing or through the Zero down payment benefit of VA.

However, due to the 'non-sense' that is part of such programs, (abuse of home seller) many sellers would have preference for other programs like the CONVENTIONAL home mortgagee.

Mar 25, 2019 04:13 AM
Rainmaker
4,038,074
Richard Weeks
Dallas, TX
REALTOR®, Broker

Allows ten of thousand buyers the opportunity to purchase a home (The American Dream)

Mar 25, 2019 06:17 AM
Rainmaker
1,897,719
Bob "RealMan" Timm
Ward County Notary Services - Minot, ND
Owner of Ward Co Notary Services retired RE Broker

They lend large amounts of money kennith Frazier , what could make anyone more important to the RE business.

Mar 25, 2019 06:15 AM
Rainmaker
5,571,826
Barbara Todaro
RE/MAX Executive Realty - Retired - Franklin, MA
Previously Affiliated with The Todaro Team

VA for vets who have no down payment...

FHA for those whose credit is not high enough for a conventional loan... 

those, in my opionion, are the major factors...

Mar 25, 2019 05:39 AM
Rainmaker
990,645
Doug Dawes
KW Evolution - Topsfield, MA - Georgetown, MA
Your Personal Realtor®

government-backed, easier for buyers to purchase

Mar 25, 2019 09:58 AM
Ambassador
4,254,145
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

What Wayne Martin said. Good luck with your studies!

Mar 25, 2019 07:30 AM
Rainmaker
1,153,275
Sam Shueh
(408) 425-1601 - San Jose, CA
mba, cdpe, reopro, pe

 It provides means to get a home mortgage. When competing with conventional no contigiency, these folks have a slim chance. I will let you research the reasons since you are taking the exam.

Mar 25, 2019 07:05 AM
Rainmaker
910,046
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

There programs fill the needs of certain buyers for whom they were designed to help.

Mar 25, 2019 06:58 AM
Rainmaker
384,252
Joseph Domino 480-390-6011
HomeSmart - Scottsdale, AZ
Real Estate Made Easy

They provide loan programs that might not exist without them.

Mar 25, 2019 06:55 AM
Rainmaker
5,581,412
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Nina Hollander gave you the answer.  A

Mar 25, 2019 06:43 AM
Rainmaker
2,023,390
Michael J. Perry
KW Elite - Lancaster, PA
Lancaster, PA Relo Specialist

Low Down Payments and can qualify for larger mortgage amounts

Mar 25, 2019 09:46 AM
Ambassador
5,402,854
Bob Crane
Woodland Management Service / Woodland Real Estate, EXP - Stevens Point, WI
Forestland Experts! 715-204-9671

Govt backed loans, lots of strings, but likely not that "important".

Mar 25, 2019 08:31 AM
Ambassador
3,054,329
Kathleen Daniels, Probate & Trust Specialist
KD Realty - 408.972.1822 - San Jose, CA
Probate Real Estate

I wish you all the best with your real estate studies and your career.

Mar 25, 2019 08:01 AM
Rainmaker
1,386,568
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

FHA gives other options to people who can't afford conventional loans and down payments.

VA is a loan type to thank the men and women of our armed forces, that gives great options for them.

 

Both loans do come with a "price" as neither are as good in the eyes of sellers as conventional loans.

Mar 25, 2019 07:45 AM
Rainmaker
1,707,423
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

If they didn't exist you wouldn't be in real estate school. Instead you would be looking for other career moves.

Mar 25, 2019 07:03 AM
Rainmaker
2,641,042
Richie Alan Naggar
people first...then business Ran Right Realty - Riverside, CA
agent & author

these two promote and make it easier for certain people to buy Real Estate

Mar 25, 2019 06:44 AM
Rainmaker
4,009,070
Will Hamm
Hamm Homes - Aurora, CO
"Where There's a Will, There's a Way!"

VA is a great benefit for out vets.

 

Mar 27, 2019 10:45 AM
Ambassador
1,820,491
Alan May
Jameson Sotheby's International Realty - Evanston, IL
A moving experience!

Without them, you cannot spell VArieties of  Hardwoord Flooring

Mar 27, 2019 09:27 AM
Ambassador
2,602,858
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

They are necessary for people who need to get a mortgage. VA Loans are for Veterans who have served in the United States Military. FHA Loans are for those who do not qualify for a Conventional Loan.

Mar 25, 2019 06:13 PM
Rainmaker
1,228,070
Thomas J. Nelson, REALTOR ® e-Pro CRS RCS-D Vets
Big Block Realty 858.232.8722 - La Jolla, CA
& Host of Postcards From Success Podcast

VA is 50% of my business and the best loan on the planet.

FHA is 5% or less of my business and kinda sucks, but I get why some need/use it.

Mar 25, 2019 05:27 PM
Rainmaker
1,734,926
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

Two popular choices on the financing buffet. 

Mar 25, 2019 12:12 PM
Rainmaker
886,528
Mel Ahrens, MBA, Kelly Right Real Estate
Kelly Right Real Estate - Hood River, OR
Customized Choices for your Real Estate Needs

Just another tool in the loan toolbox.  Finding the right loan is the same as finding the right tool for the job.  If you only have a 20% down conventional loan, it may not be the right tool. So the job does not get done. VA and FHA may be better options for the borrower because it meets some need/criteria a 20% conventional loan doesn't.

Mar 25, 2019 10:58 AM