Side by side
| VA Loan | FHA Loan | |
|---|---|---|
| Down payment | $0 | 3.5% |
| Monthly mortgage insurance | None | Yes |
| Upfront fee | Funding fee (waivable) | 1.75% UFMIP |
| Eligibility | Military service | Anyone qualifying |
Figures are typical market ranges as of October 2026. Actual terms depend on the lender, your credit, the property and the program, and are confirmed on your Loan Estimate or term sheet.
Explore each option
Home loan
VA Loans
A VA loan is a mortgage guaranteed by the Department of Veterans Affairs that lets eligible veterans, active-duty service members and certain surviving spouses buy with no down payment and no monthly mortgage insurance.
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Home loanFHA Loans
An FHA loan is a government-insured mortgage that allows 3.5% down with a credit score of 580 or higher, or 10% down with a score from 500 to 579.
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