| Loan Type | Down Payment | Terms | Mortgage Insurance |
|---|---|---|---|
| Conventional Mortgages Learn more | 3%-5% | 15 or 20 or 30 years | No (if under 80% loan-to-value) |
| FHA Home Loans Learn more | 3.5% | 15 or 20 or 30 years | Yes |
| VA Home Loans Learn more | None | 15 or 20 or 30 years | No |
| USDA Home Mortgages Learn more | None | 30 years, fixed | No (Up-Front Guarantee Fee financed into loan) |
| Renovation Mortgage 203(k) Learn more | 3.5% | 30 years, fixed | Yes |
