Running the Numbers Let’s look at the four main mortgage options: conventional loans and the trio of government-backed mortgages (FHA, USDA and VA). Credit score requirements will be highest for.
VA loans, or SBA 7(a), SBA Express and Military Reservist Economic injury disaster (mreidl) loans, are actually loan guarantees made available from the Small Business Administration (SBA) to veterans or soldiers or their wives or widows who are going off to serve in the military or who have returned from their military service.
The U.S. Department of Veterans Affairs and the SBA do not give grants or make general business loans to veterans. Both the VA and the SBA have programs providing veterans with business assistance.