Home loans
Buying or refinancing a home
Four main paths to a mortgage. The right one depends on your down payment, credit, service history, and where the property sits.
Buyers with 3%+ down
Conventional Loan
The standard for buyers with steady income and solid credit.
- As little as 3% down
- Drop mortgage insurance at 20% equity
- 15 – 30 year terms
First-time buyers
FHA Loan
Government-backed financing with flexible credit requirements.
- 3.5% down payment
- Lower credit score minimums
- Gift funds allowed
Military families
VA Loan
Earned benefit for veterans, active duty, and eligible spouses.
- $0 down payment
- No monthly mortgage insurance
- Competitive fixed rates
Rural homebuyers
USDA Loan
Zero-down financing for eligible rural and small-town properties.
- $0 down payment
- Income and area limits apply
- Low guarantee fees
Quick comparison
| Program | Down payment | Typical credit | Mortgage insurance |
|---|---|---|---|
| Conventional | 3% – 20% | 620+ | Removable at 20% equity |
| FHA | 3.5% | 580+ | Life of loan (most cases) |
| VA | $0 | 580+ typical | None |
| USDA | $0 | 640+ typical | Low annual fee |
Guidelines vary by lender and are subject to change. We confirm your exact qualifying numbers before you apply.
Run your numbers
Home price$425,000
Down payment10% · $42,500
Interest rate6.500%
Loan term30 years
Estimated monthly payment
$2,878
Loan amount $382,500
- Principal & interest
- $2,418
- Estimated property tax
- $336
- Estimated insurance
- $124
Estimates only. Taxes and insurance vary by county and property.
Ready to see what you qualify for?
A pre-approval takes a short conversation and puts a real number in your hands before you tour homes.