Available for Virginia properties.
Conventional and FHA home loans
For Virginia buyers and homeowners who want a standard first-mortgage path, including first-time buyers.
Rockhouse Mortgage compares conventional and FHA programs from multiple wholesale lenders for owner-occupied Virginia properties.
How it works
A conventional loan is a first mortgage that is not insured by the federal government. FHA loans are insured by the Federal Housing Administration and are often used when a buyer wants flexible credit guidelines and a low down payment option.
Both can be used to purchase a home or refinance an existing Virginia property. Which one fits depends on credit, down payment, occupancy, and the property — not a single rule for every buyer.
Rockhouse Mortgage is a mortgage broker. We compare these programs rather than originating a single in-house product.
What lenders look at
- Credit profile
- Income and employment documentation
- Assets and reserves for closing
- Property type, occupancy, and appraisal
- Debt-to-income and the rest of the file
Eligible properties
- Primary residences in Virginia
- Some second-home conventional scenarios, depending on the program
- Single-family homes, townhomes, and condos that meet program guidelines
Down payment and mortgage insurance
Conventional loans with low down payment options are available for qualified buyers. FHA loans offer flexible credit guidelines and low down payment options.
Options to avoid monthly mortgage insurance may be available on conventional loans depending on down payment and the rest of the file. FHA mortgage insurance rules are different and should be reviewed for the specific loan.
Want help comparing programs?
Rockhouse Mortgage compares wholesale lender programs for the scenario in front of us. Start with a call or an online application.
Frequently asked questions
Should I use conventional or FHA?
It depends on credit, down payment, property, and how long you expect to keep the loan. We compare both against the same file instead of picking a product in advance.
Are these loans available outside Virginia?
Consumer mortgage lending is available in Virginia only. Outside Virginia, Rockhouse Mortgage arranges business-purpose loans on non-owner-occupied investment property only.
Can I use down payment assistance with these loans?
Some assistance programs can pair with FHA or conventional loans, depending on the program, location, income, and credit. See our down payment assistance page.
Do you offer jumbo conventional loans?
Jumbo loans are covered on a separate page. Loan-size limits depend on the property location and the program year.
Compare conventional and FHA for your Virginia purchase
Bring a property or a pre-approval question. We will compare wholesale programs before you lock in a path.
703-999-0903Loan programs, rates, fees, terms, and eligibility requirements are subject to change without notice. All loans are subject to credit, income, asset, property, and underwriting approval. This information is for educational purposes only and is not a commitment to lend.
Rockhouse Mortgage, LLC · NMLS #2469785 · Harry Hager, NMLS #647108 · Licensed by the Virginia Bureau of Financial Institutions · Outside Virginia, business-purpose investment property loans only · Equal Housing Opportunity