FHA
First-time buyers and lower cash-to-close buyers
- Typical down payment
- 3.5%
- Credit expectation
- Flexible credit, lender approval required
- Example payment
- $2,770/mo
Loan Types Made Simple
FHA, VA, and Conventional in plain English.
These are educational examples only. Rates and approvals vary, but the defaults below power the platform today.
VA
Eligible VA buyers who want low upfront cash
- Typical down payment
- 0%
- Credit expectation
- Eligible veterans/service members, lender approval required
- Example payment
- $2,660/mo
Conventional
Buyers with more down payment or conventional goals
- Typical down payment
- 5%+
- Credit expectation
- Often stronger credit/profile, lender approval required
- Example payment
- $2,744/mo