Loan program Comparison Chart                      

                                  USDA              FHA          VA        Conventional 

  Down Payment                   0%                     3.5%              0%                 5-10%

  Loan terms                     30 years                 15-30            15-30                15-30

  Interest Rates                Market                Market         Market            Market

  Mtg Insurance                 None                      Yes               None                 Yes

  Upfront MI                   2% of loan              1.5%            2.15-3.3%            N/A

  Reserves                          None                    None              None            2-6 Mo PITI

  Source of closing costs    No limit             6% seller      4% seller         3-6% seller