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|Conventional Loan||FHA Loan||VA Loan||Jumbo Loan|
|Minimum down payment||3% (with PMI) to 20% (without PMI) of home price||3.5% of home price||0% of home price||At least 10%|
|Minimum credit score||620-660||580||No minimum||680-720|
|Mortgage insurance fees||None if you decide to put down 20% or more. 0.5% to 1% for anything below||1.75% of loan amount||No PMI, but upfront funding fees of 1.25% to 3.3% of loan amount||None if you decide to put down 20% or more. 0.5% to 1% for anything below.|
|Suitable for||Buyers with higher credit scores and higher down payments||Buyers with lower credit scores. Particularly helpful for first time home buyers or homebuyers who need down payment assistance||Military service personnel or family members||Buyers that require loan amounts that exceed the limits for their county. Needs a higher credit score and a low DTI to qualify|
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