Home Purchase Loan Comparison Chart
Compare all purchase loan programs side by side — then choose which one best suits you.
| Feature | VA | FHA | Conventional | First-Time | DSCR | Self-Employed |
|---|---|---|---|---|---|---|
| Min. Down Payment | $0 | 3.5% | 3% | 0–3.5% + DPA | 20–25% | 20–25% |
| Min. Credit Score | 580–620 | 580 | 620 | 580–620 | 660+ | 660+ |
| Mortgage Insurance | None | Yes (MIP) | Only <20% down | Varies by loan | None | None |
| Income Verification | W-2 / Tax Returns | W-2 / Tax Returns | W-2 / Tax Returns | W-2 / Tax Returns | Rental Income Only | Bank Statements |
| 2026 Loan Limit | $832,750+ | $524,225 | $832,750+ | Varies by program | No limit | No limit |
| Who Qualifies | Veterans & Military | All buyers | Strong credit | First-time buyers | Investors only | Business Owners |
| Avg. Close Time | 21-30 days | 21-30 days | 21-30 days | 21-30 days | 21-30 days | 21-30 days |
Rates vary by lender and individual profile. Loan limits reflect 2026 conforming limits. FHA standard limit: $524,225. Contact us for a personalized quote.
Ready to find your perfect loan?
A Clear Path to Your Front Door
Our streamlined approach removes the friction from financing. From initial talk to final keys, we’re with you every step of the way.
01 Personal Consultation
We start with your goals. A simple, pressure-free conversation to understand your timeline and finances—no credit check needed.
02 Lender Marketplace
We don't just offer one bank's rate. We leverage our network to let multiple lenders compete for your business, ensuring you get the best market value.
05 Certified Pre-Approval
We secure your rate and provide a robust pre-approval letter. This signals to sellers that you're a qualified buyer ready to move fast.
04 The Home Search
While you shop with your agent, we're in the background ready to run numbers on specific properties so you can bid with confidence.
05 Expert Underwriting
Our dedicated team manages the heavy lifting. We handle the paperwork and coordinate directly with underwriting to keep things moving.
06 Closing & Beyond
We ensure a seamless finish on closing day. Our relationship continues with annual reviews to make sure your mortgage always fits your life.
- KYLE JESSEE LENDING TEAM
- MOVEMENT MORTGAGE
184 Duke of Gloucester St Suite 1B, Annapolis, MD 21401
NMLS #1212644 | Kyle.Jessee@movement.com