Answer:
There are several types of government loans and the requirements would vary for each type: FHA, VA and RHS Loan Programs. FHA loans have lower down payment requirements and are easier to qualify than conventional loans. VA loans are guaranteed by U.S. Dept. of Veterans Affairs. It allows veterans and service persons to obtain home loans with easier loan terms, usually without a down payment. The Rural Housing Service of the U.S. Dept. of Agriculture guarantees loans for rural residents with low closing costs and no downpayment.