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Loan programs
FHA, conventional, VA, USDA and down payment assistance, compared.
2 questions
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Question No. 008: How does first-time homebuyer down payment assistance work?
Down payment assistance (DPA) is help from state, county and city housing agencies and nonprofits that covers part of your down payment or closing costs. It usually comes as a grant, a…
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Question No. 003: FHA or conventional loan: which is better for a first-time buyer?
FHA is usually easier to qualify for if your credit score is lower or your debts are higher, and it needs just 3.5% down with a 580 score. Conventional often costs less over time for…