- Longer closing times compared to FHA and you can old-fashioned
- More strict possessions standards than simply traditional
FHA mortgage: Such loans don’t have people money constraints or ineligible geographical components. Needed step three.5% off. Advance payment and closing costs may come out of a gift from a down-payment direction system.
Va mortgage: Readily available just to those with qualified armed forces experience, usually 24 months of effective-obligations service. Read More
