FHA and VA loans are also government loans. FHA offers a 3.5% down payment and VA offers 0% down payment. Guidelines are very similar to conventional loans but differ in that usually allow for the borrower to have a little more personal debt and they allow for a lower credit score. At Metro Fund, we have investors that lend in the low 500 credit scores. Most people think that FHA is only for first time buyers when in fact, it is accessible to anyone looking to buy or refinance a home. In some cases, FHA can have lower rates and an overall lower monthly payment than a conventional loan. What we do at Metro Fund is analyze your specific scenario and determine whether a conventional or a government loans is the best option for you.