COMPARE LOAN PROGRAMS

VA Loans

• Up to 100% Financing available (No down payment required)
• Available to Active Duty and Honorably Discharged Veterans
• Typically lower interest rates than Conventional loans
• More lenient credit underwriting guidelines than Conventional
• No monthly mortgage insurance (unlike FHA and Conventional)
• Higher mortgage amount limits than FHA or USDA

FHA Loans

• Lower down payment requirements (3.5%) than Conventional
• Lower credit score requirements and more lenient guidelines
• Gift funds from family may be used as a down payment
• No income limit restrictions
• Great for first-time homebuyers
• Typically lower interest rates than Conventional loans

USDA Loans

• Promotes homeownership in rural areas
• No down payment required
• Flexible credit guidelines
• Generous income limit restrictions
• Typically lower interest rates than Conventional loans
• Lower monthly mortgage insurance than FHA or Conventional

Conventional Loans

• No PMI (mortgage insurance) with 20% down payment
• Great option for credit- and asset-worthy buyers
• Higher loan limits than FHA
• No income limits
• Options for second homes and investment properties
• Mortgage insurance drops off at certain LTV (unlike FHA)