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Mortgage Loan Type Comparison
Reference TableCompare FHA, VA, USDA, and Conventional loan programs side by side.
About This Tool
VA loans offer the best terms for eligible veterans — no down payment, no PMI, and competitive rates. FHA loans are the most accessible for buyers with lower credit. Conventional loans become cheaper than FHA once you have 20% equity, as PMI drops off while FHA MIP lasts the life of the loan (if down payment < 10%).