Minimum down payment and who each programme is built for. Scroll for the full row on narrow screens.
| Program | Min. down | Terms | Best fit |
|---|---|---|---|
| VA | 0% | Fixed and adjustable | Veterans, active duty and eligible spouses |
| USDA | 0% | Fixed | Primary residences in eligible rural areas |
| Conventional | 3% | 30, 25, 20, 15 and 10 year | Buyers with established credit; 0% with assistance |
| FHA | 3.5% | Fixed | Lower credit scores, or recovering from a credit event |
| Adjustable rate | 3.5% | 3/1, 5/1 and 7/1 ARM | Buyers who expect to move or refinance within the fixed period |
| DSCR investment | 15% | Investor terms | Investors qualifying on property cash flow |
Minimums are program floors, not quotes, and are subject to credit approval, occupancy, property type and current investor guidelines.
The standard route for buyers with established credit, and the most flexible on term length.
A lower fixed rate for the first years, for buyers who do not expect to hold the loan for thirty.
Government-insured, and the most forgiving programme on credit history.
Earned benefit for those who served. Usually the strongest terms available.
Zero down for primary residences in eligible areas — which covers much of southern Indiana.
Qualify the property, not the paperwork. Built for investors and the self-employed.
Foundation Home Loans Inc. NMLS #2536946. Equal Housing Lender. Licensed in Indiana, Kentucky and Florida. This is not a commitment to lend. All loans are subject to credit approval, income and asset verification, property appraisal and program guidelines, which change and vary by borrower. Rates, terms and programs are subject to change without notice. Not affiliated with or endorsed by HUD, FHA, USDA, VA or any government agency.
That is the normal starting point. Answer a few questions and we will tell you which programs you qualify for.
