Main difference between VA loans and Conventional loans: VA loans are guaranteed by the Department of Veteran Affairs. You will only qualify if you meet the eligibility requirements and obtain a Certificate of Eligibility (COE). Conventional Loans are typically secured by the government sponsored enterprises (GSE).
New Home Loan Programs Fha First Time Home Buyer Rates First Time Buyer Loan Programs Fha 1St Time home buyer guidelines The FHA has a clear definition of "first-time homebuyer," and lenders must use this during the underwriting process. previous home Ownership One of the FHA’s primary criteria is whether or not you.Conventional First Mortgage What is a conventional fixed-rate mortgage? A "fixed-rate" mortgage comes with an interest rate that won’t change for the life of your home loan.A "conventional" (conforming) mortgage is a loan that conforms to established guidelines for the size of the loan and your financial situation.