Conventional
· SFR Loan Limit for 2025: $806,500 (up to $1,209,750 in high-cost areas)
· Down Payment: As low as 3% or 5%
· Property Appraisal Less Restrictive
· Seller Paid Closing Costs Allowed
· Stick Built, Log, Shop/Home, or Manufactured
· 620 Minimum Credit Score (on approved credit)
· Construction - Single Close available on approved credit
FHA
· Loan Limit for 2025: $524,225 (up to $1,209,750 in high-cost areas)
· Down Payment: As low as 3.5%
· Seller Paid Closing Costs Allowed
· Stick Built, Log, Shop/Home, or Manufactured
· Minimum Credit Score (on approved credit)
· Construction - Single Close available on approved credit
USDA
· Zero Down — 100% Program
· 6% Seller Paid Closing Costs Allowed
· Geographical Areas
· Income Limits Apply
· Stick Built, Log, Shop/Home, or New Manufactured
· 640 Minimum Credit Score (on approved credit)
· Construction - Single Close available on approved credit
VA
· No Max Loan Limit - on approved credit
· No Mortgage Insurance
· VA Disabled = Zero Funding Fee may apply
· Certificate of Eligibility Required
· 4% Seller Paid Closing Costs Allowed
· Stick Built, Log, Shop/Home, or Manufactured
· 600 Minimum Credit Score (on approved credit)
· Construction - Single Close available on approved credit