FHA/VA Info Page

Who Qualifies for a FHA Loan?

Who Qualifies for a VA Loan?

(616) 855-6678

FHA loans allow home buyers to finance up to 96.5% of a home’s value, making them a popular option for buyers who may not have a large down payment. Many buyers qualify with a credit score over 580, and buyers with scores between 500–579 may still be eligible depending on their overall financial situation. A loan officer at Elevation can review your application and walk you through the options available, helping you understand the best path forward based on your goals.

VA loans provide exclusive benefits for eligible veterans, active-duty service members, and surviving spouses. These loans often allow for no down payment and do not require monthly mortgage insurance. A loan officer at Elevation can review your eligibility and help you understand how a VA loan may support your home-buying goals.