This loan is not backed by a government entity. It is backed by a private lender (Fannie Mae and Freddie Mac). Loan teams are 10, 15, 20, 25 and 30 years. Has down payments from 3% down for first time home buyers to 5%, 10% 15% and 20% down. To qualify, you need to have a higher credit history and be within the eligible debt to income guidelines.