Government Housing Loans

Affordable housing is a priority for the United States government, and this is easily reflected in the number of housing loan programs offered each year. There are currently 18 different housing loan or grant programs being funded and administrated.

These are the programs currently offered by the federal government:

Basic FHA Loan (Home Mortgage Insurance - HUD/FHA), Combination Mortgage Insurance for Manufactured Home and Lot, Condominium Unit Purchase (Mortgage Insurance - HUD/FHA), Home and Property Disaster Loans, Hope for Homeowners, Indian Home Loan Guarantee Program, Indian Home Loan Guarantee Program (Section 184), Manufactured Home Loan Insurance (HUD/FHA), Mortgage Insurance: Purchase of a Cooperative Housing Unit, Property Improvement Loan Insurance (HUD/FHA), Rehabilitation Mortgage Insurance (HUD/FHA), Rural Housing Loans, Rural Housing: Farm Labor Housing Loans and Grants, Rural Housing: Housing Repair Loans and Grants, Section 203h Insured Mortgage for Disaster Victims, Section 203k Rehabilitation Mortgage, VA - Home Loans - Interest Rate Reduction Refinancing Loan, and VA - Home Loans - Specially Adapted Housing Direct Loan.

As you can see, the government really does provide in a number of different situations for citizens who need money towards housing. The basic FHA loan program is a very popular one often used by people who do not have much money to put toward a downpayment on a house.

First time homebuyers, disaster victims, veterans, and the disabled all have special programs that are specifically designated for their use. You should check with a mortgage loan officer at your bank to get more details about any of these government housing loan programs.