Pros of FHA and VA mortgages:
FHA and VA mortgage loans are for buyers with less cash available for their down payment. This enables many more people to buy a home than otherwise would be capable. More buyers to consider your property is good thing in general, but for some sellers considering FHA/VA offers may not be best for their specific situation. FHA is perhaps the most popular and effective government program ever to encourage home ownership, with a long history of success. However, the program can have drawbacks.