Is FHA a lender?

Both the FHA and the VA:

  1.  require a CRV
  2.  are not lenders
  3.  guarantee the loan
  4.  require a down payment

The answer is B.   The VA guarantees the loan, but the FHA is the one that insures the loans.  Only the FHA requires a down payment of 3%, but the VA doesn’t require a down payment as long as the the borrower pays the VA appraised value for the property.