Conventional loans are the most popular loan products in the industry . They feature a variety of fixed and variable interest rates that range from 10-30 years. Conventional products also feature down payments as low as 3% down on a new home purchase.

VA loans are designed for veterans, qualified service members, and their spouses. These loans give you the ability to put no money down out of pocket on a purchase of a new home. You can also refinance up to 100% of your home’s value on a refinance.

FHA loans are backed by the Federal Housing Administration. Borrows can put down as little as 3.5% on a new home purchase while maintaining the ability to receive a competitive interest rate. FHA loan also allow up to 97.75% of your home’s value for a refinance.