Let's Find the Right Option For You. 

Product Information

A Federal Housing Administration (FHA) loan is a mortgage that is insured by the Federal Housing Administration. FHA loans are designed for low-to-moderate-income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans.

  • Minimum credit score required: 580

  • Minimum down payment requirement: 3.5%


An FHA 203(k) loan is a type of government-insured mortgage that allows the borrower to take out one loan for two purposes – in particular, for home purchase and home renovation. An FHA 203(k) loan is wrapped around rehabilitation or repairs to a home that will become the mortgagor’s primary residence.

  • Minimum credit score required: 640

  • Minimum down payment required: 3.5%



A VA loan is a mortgage loan that's issued by private lenders and backed by the U.S. Department of Veterans Affairs. It helps U.S. veterans, active-duty service members, and widowed military spouses buy a home. A primary advantage to VA home loans is the no down
payment requirement and lack of mortgage insurance. VA does charge a funding fee to guarantee that can be added to the borrower’s loan amount.

  • Minimum credit score: 620

  • No down payment requirement



A USDA Home Loan from the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, is a mortgage loan offered to rural property owners by the United States Department of Agriculture. 

  • Minimum credit score: 620

  • No down payment requirement

  • Must meet income eligibility requirement (varies by county)




A conventional loan is a type of mortgage loan that is not insured or guaranteed by the government. Instead, the loan is backed by private lenders, and its insurance is usually paid by the borrower.

  • Minimum credit score:620

  • Minimum down payment required: 3% (for 1 st time homeowner) 5% if you’ve owned a home in the last 3 years

FHA 203(k)