In more detail
There is no monthly mortgage insurance, but most borrowers pay a one-time funding fee that can be financed. Eligibility rules apply.
Glossary
Finance
VA loan
A VA loan is a US mortgage guaranteed by the Department of Veterans Affairs for eligible service members, veterans and some spouses, often with no down payment.
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See also
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Glossary
FHA loan
An FHA loan is a US mortgage insured by the Federal Housing Administration that accepts smaller down payments and lower credit scores in.
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Glossary
Down payment
A down payment is the part of a purchase price you pay upfront from your own money, with a loan covering the rest.