MORTGAGE 101

Conventional, FHA, VA, USDA, and jumbo — what’s the difference?

These loan types solve different problems. The right fit depends on down payment, credit profile, property type, military eligibility, location, and loan size.

Conventional

Flexible and common for many buyers, often with as little as 3% down.

FHA

Helpful for buyers needing more flexible credit and down-payment standards.

VA / USDA

Zero-down options for eligible veterans and qualifying rural properties.

Jumbo

For loan amounts above conforming limits with stronger reserve and qualification standards.

Fit matters more than labels

The “best” loan is the one that supports the buyer’s goals and risk tolerance.

Start with context

Steve helps buyers compare real payment and cash-to-close tradeoffs before deciding.