Conventional: low down for good credit, drop PMI at 20%. FHA: flexible credit, 3.5% down. VA: 0% down for veterans. Jumbo: for high-value California homes above conforming limits.
Matching loan to buyer
Good credit, want to drop PMI? Conventional. Lower credit or down payment? FHA. Veteran? VA’s 0% down is hard to beat. Buying above conforming limits? Jumbo. We’ll line up the numbers side by side.
Choosing
The best loan minimizes your total cost — rate, mortgage insurance, and fees — for your specific credit and down payment. That comparison is exactly what a broker delivers.
| Factor | Conv / FHA / VA / Jumbo |
|---|---|
| Min down | 3% / 3.5% / 0% / varies |
| Credit | Higher / Flexible / Flexible / Higher |
| Mortgage insurance | Droppable / Yes / None / Varies |
| Best for | Good credit / Flexible credit / Veterans / High-value homes |
Frequently asked questions
Is FHA or conventional better?
Conventional if your credit is strong (you can drop PMI); FHA if you need flexibility on credit or down payment.
When do I need a jumbo loan?
When the price exceeds the conforming limit for your county. We’ll confirm the threshold.
Is VA really 0% down?
Yes, for eligible veterans — one of the best programs available.
Save Financial is a California-licensed mortgage brokerage (NMLS #377740, DRE #01875766). Figures are illustrative for 2026 and not an offer of credit.