Mid America Mortgage Blog

FHA, VA and USDA Home Loans – Breaking Down The Differences

houses and calculator with magnifying glass

In your search for affordable home financing, you may have come across the three main government-backed programs available to certain qualified borrowers. These include FHA loans, VA loans and USDA loans. All three are federally insured and offer low or zero money down financing for home buyers or current homeowners looking to refinance. Although they all have similarities, they are quite different from one another. In today’s post, we’ll look at each of these home loans individually and offer insight to help you determine if you are eligible for these popular programs.

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Realtor.com Names Hottest Housing Markets

small green house

Realtor.com recently released its list of the country’s hottest housing markets. To create the list, Realtor.com studied listing searches in each U.S. market along with supply, demand and prices throughout the month of June.

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Mortgage Rates May Rise Soon

house on chart showing decrease in statistics

Mortgage rates have remained fairly steady the last few months, but experts warn things could change very soon. According to a recent article from The Washington Post, rates began moving higher the week of July 26. Data released that day from Freddie Mac said the 30 year fixed rate average rose to its highest level in a month, growing to 4.54 percent with an average 0.5 point. (For clarification, points are fees paid by the borrower to the lender equal to 1 percent of the loan amount.)

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Our Brands

The various mortgage brands run by Mid America Mortgage, Inc.

Contact Us

Company Headquarters:
Mid America Mortgage, Inc.
15301 Spectrum Drive, Suite 405
Addison, TX 75001
Phone: 214-261-3300
Toll Free: 866-544-7013
Find a Branch Location
Make a Mortgage Payment

Wholesale Division
550 Warrenville Rd
Lisle, IL 60532
Phone: 630-796-6092
Toll Free: 855-528-4572

Join the TEAM

At Mid America Mortgage, Inc. we're always looking for talented mortgage professionals to join our growing team. We're an Equal Opportunity Employer offering a highly competitive compensation and benefits package.

Visit our CAREERS PAGE for more information. We're Hiring on ZipRecruiter