Benefits of Government-Backed Loans
Support for a range of homebuyers.
Whether you’re a veteran, a first-time buyer, or living in a rural area, our government loan programs offer lower barriers and greater peace of mind.
Low or No Down Payment
FHA, VA, and USDA loans reduce the barrier to entry for homebuyers.
Flexible Credit Requirements
Ideal for those with limited or imperfect credit histories.
Reduced Interest Rates
Backed by the government for potentially lower rates.
Special Benefits for Veterans
VA loans offer zero down and no PMI for qualified service members.
VA Loan Eligibility
To qualify for a VA Loan, you must meet the following criteria:
Be an active-duty service member, Veteran, reservist, National Guard member, or an eligible surviving spouse
Provide a valid Certificate of Eligibility (COE)
Maintain a debt-to-income (DTI) ratio of 41% or less (exceptions may apply)
Occupy the home as your primary residence
Ensure the property meets HUD and VA guidelines
Stay within the conforming loan limits set by the Federal Housing Finance Agency (FHFA)
Credit Score Requirements
The VA does not set a minimum credit score; however, individual lenders may have their own minimum requirements. For more information, consult a VA-approved loan officer.
Down Payment Requirements
The VA Loan is one of the few mortgage options that allows 100% financing—no down payment required—as long as the purchase price does not exceed the home’s appraised value. This makes it one of the most accessible loan options for qualifying buyers.
Debt-to-Income (DTI) Ratio Guidelines
While exceptions exist, most lenders prefer a DTI ratio of 41% or less. Your DTI is calculated by dividing your total monthly debt obligations (e.g., rent, car payments, student loans, credit cards) by your gross monthly income.
Example:
Total monthly debt: $2,300
Gross monthly income: $6,000
DTI = 38.3% (2,300 ÷ 6,000)
Mortgage Insurance
Unlike most low-down-payment loan options, the VA Loan does not require private mortgage insurance (PMI) or mortgage insurance premiums (MIP), helping reduce your monthly housing costs.
Eligible Property Types
Homes financed with a VA Loan must be:
A 1–4 unit primary residence
A VA-approved condominium or townhouse
A manufactured home on a permanent foundation and sold with land
Note: VA Loans cannot be used to purchase land alone, but they can finance new construction. All properties must pass a VA appraisal and meet the VA’s Minimum Property Requirements (MPRs) to ensure safety and livability.
VA Loans
Testimonials
Andre
Killeen
As a veteran, I appreciated how well Tory knew the VA process. Total respect.
Daisy
Waco
Tory helped me qualify for an FHA loan when others told me no. He’s the real deal.
Tommy
Amarillo
Fast, reliable, and super patient with all my USDA questions. Tory nailed it.
Kendra
Tyler
With a modest down payment, Tory got me into my dream home. Highly recommend him!
Isaiah
Midland
Tory worked hard to get us a loan we could afford. We’re forever grateful.
What Makes FHA Loans Great for First-Time Buyers?
Lower down payments and easier qualifications
VA Loans: A Guide for Veterans and Active Service Members
Unlock the benefits you've earned
How USDA Loans Help Rural Buyers
100% financing in eligible areas
Mortgage Tips, Tools & Insights
Clear guidance for smart decisions.
Get expert advice on home buying, refinancing, and loan options. Our blog makes mortgage topics easy to understand so you can move forward with confidence.