Compare loan options
Find the mortgage that fits your purchase
How the main loan types compare on down payment, credit and mortgage insurance — so you know where to start before you talk to us.
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The main loan types
Each one has different trade-offs. Select a loan to see the details.
Conventional
As little as 3% down for qualified buyers, 5% typical. PMI can be removed later.
FHA
3.5% down with a 580+ credit score, with flexible credit guidelines. Popular with first-time buyers.
VA
No down payment with full entitlement and no monthly mortgage insurance, for eligible veterans and service members.
USDA
0% down for eligible properties in USDA-eligible rural areas, with household income limits.
Jumbo
For loan amounts above your county's conforming limit, including high-value mountain homes.
Refinancing
Change your rate or term, remove mortgage insurance, or access equity.
What to compare
All loans are subject to credit approval and program guidelines.
- Interest rate type
- Fixed rates stay the same for the life of the loan; adjustable rates start fixed for 5, 7 or 10 years, then adjust. The right choice depends on how long you plan to keep the loan.
- Down payment
- 0% for eligible VA and USDA buyers, 3.5% for FHA, and 3% for qualified buyers or 5% typical for conventional.
- Credit
- FHA allows 580+ for 3.5% down. Most conventional lenders look for 620+. Jumbo lenders typically want 700+.
- Loan limits
- Conforming limits vary by county — $832,750 in most Colorado counties, up to $1,249,125 in Eagle County (2026). Jumbo loans cover amounts above your county's limit.
- Mortgage insurance
- Conventional PMI can be removed later. FHA mortgage insurance usually lasts 11 years with 10%+ down, or the life of the loan with less. VA has a one-time funding fee instead of monthly mortgage insurance.
Get a side-by-side comparison for your purchase
Get pre-approved and Andrew will price the loans you qualify for next to each other, with payments and costs for each.