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Understand your mortgage options and find the right fit for your financial goals

Most Popular

Conventional Loans

The gold standard of mortgage financing. Conventional loans offer competitive rates and flexible terms for borrowers with strong credit profiles.

  • 3-20% down payment (avoid PMI at 20%)
  • Credit score minimum: 620 (740+ for best rates)
  • 15, 20, and 30-year fixed or ARM options
  • No upfront mortgage insurance premium
  • PMI removable once equity reaches 20%
  • Loan limits: Up to $766,550 (2026)
Today's Rate: 6.04% Apply Now
Accessible

FHA Loans

Government-backed loans with flexible qualification requirements. Ideal for first-time homebuyers or those with limited credit history.

  • Down payment as low as 3.5%
  • Credit score minimum: 580 (500 with 10% down)
  • Higher debt-to-income ratios accepted (up to 50%)
  • Competitive interest rates
  • Gift funds allowed for entire down payment
  • Streamline refinance available
Today's Rate: 5.25% Apply Now
Veterans

VA Loans

Exclusive benefits for military service members, veterans, and eligible surviving spouses. The most advantageous mortgage program available.

  • $0 down payment required
  • No PMI ever — saving you thousands
  • Lowest average interest rates of all loan types
  • No minimum credit score (lenders typically require 620)
  • Seller can pay up to 4% in closing costs
  • Lifetime benefit — reusable with full entitlement
Today's Rate: 5.00% Apply Now
Premium

Jumbo Loans

For luxury properties and high-value homes exceeding conforming loan limits. Competitive rates for qualified high-net-worth borrowers.

  • Loan amounts above $766,550
  • 10-20% down payment typically required
  • Credit score minimum: 700 (720+ preferred)
  • Cash reserves of 6-12 months may be required
  • Competitive rates despite larger loan amounts
  • Fixed and adjustable rate options available
Today's Rate: 5.88% Apply Now

Side-by-Side Comparison

Key differences between loan programs at a glance

Feature Conventional FHA VA Jumbo
Min. Down Payment 3% 3.5% 0% 10-20%
Min. Credit Score 620 580 620* 700
PMI / MIP Until 20% equity Lifetime (most cases) None Varies
Max DTI 45% 50% 41% 43%
Rate (Today) 6.04% 5.25% 5.00% 5.88%
Best For Strong credit, 20% down First-time buyers Veterans & military Luxury homes

*VA loans have no official minimum credit score, but most lenders require 620+. Rates shown are today's averages.