Common Loan Options of Home Purchase
There are several major types of home loans. A good loan officer will be able to help you explore all the options. Here are some of the more common options that I see regularly in my work.
Loan Type | Down Payment | Important Information |
---|---|---|
VA | 0% |
|
VHDA | 0% |
|
FHA | 3.5% |
|
Conventional | 3% and up |
|
These are just the basic options. There are other options and details that you must consider. A good loan officer is the best person to advise you on this.