Real Estate
FHA vs VA vs Conventional Loan Comparison
Different loan programs have different rates, mortgage insurance, and total costs. See which is cheapest for your situation.
Best monthly payment
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- FHA (3.5% down)
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- Conventional
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- VA (0% down)
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FAQ
Who qualifies for VA? +
Active military, veterans, and qualifying surviving spouses. Zero down + no PMI makes VA the cheapest by far when eligible.
FHA pros and cons? +
Pros: 3.5% down with 580+ credit. Cons: MIP for the life of the loan unless you put 10%+ down, then it drops after 11 years.