FHA, VA & Conventional Home Loans

Conventional home loans

Conventional mortgages are not insured by FHA or guaranteed by VA. Qualified buyers may have access to low-down-payment conventional options, and borrowers with stronger credit can sometimes benefit from attractive pricing or mortgage-insurance structures. Conventional financing is widely used for primary residences, but qualification varies by lender and program.

FHA home loans

FHA loans are made by approved lenders and insured by the Federal Housing Administration. They can provide flexible qualification standards and relatively low down payment requirements for eligible owner-occupant buyers. FHA loans include mortgage insurance and property standards that should be included when comparing the total cost.

VA home loans

VA loans are available to eligible veterans, active-duty service members, and certain surviving spouses. Qualified borrowers may have access to powerful benefits, including the possibility of financing without a down payment, subject to entitlement, occupancy, property, underwriting, and funding-fee requirements. Buyers with military eligibility should make sure VA financing is part of the comparison.

Which program is best?

The answer depends on credit, monthly debt, available funds, property type, loan size, and how long you expect to keep the mortgage. Compare the same purchase price across programs and look at cash to close, payment, mortgage insurance, fees, and long-term flexibility. RentingSucks.com advisors have broad lender access, making it possible to compare more than one lender’s interpretation of the same program.

Loan programs are subject to eligibility, underwriting, property, occupancy, and lender requirements. This page is educational and is not a commitment to lend.