Otherwise known as conforming loans, the conventional loan is not secured by government agencies. A conventional mortgage is a loan, typically fixed in its terms and rate.
FHA loans offer various options for home buyers seeking low down payments with flexible options. You may be able to roll your closing costs and other fees into the loan.
VA Home loans are backed in part by the Department of Veterans Affairs and made to eligible veterans, those currently serving, and sometimes eligible spouses.
Unlike conventional loans, USDA mortgages have no down payment requirement, which allows a home buyer to finance a home for 100 percent of its purchase price.