Not all mortgages are created equal—and choosing the wrong one could cost you tens of thousands over the life of your loan.
So here’s your no-fluff breakdown of the top three options local buyers ask me about most:
FHA Loan
- Best for: First-time buyers with limited savings
- Minimum Down: 3.5%
- Key Note: Slightly more lenient credit requirements
Conventional Loan
- Best for: Buyers with solid credit (680+)
- Minimum Down: 3–5%
- Key Note: No mortgage insurance if 20% down
VA Loan
- Best for: Veterans & active-duty military
- Minimum Down: $0
- Key Note: No PMI, flexible terms
Pro Tip from Mounira:
Most first-time buyers assume FHA is their only option. But in Northern VA’s competitive market, a Conventional loan with a smaller down payment can give you an edge—especially in multiple-offer scenarios.
In practice:
Not sure which loan fits your situation? I’ll walk you through it—no jargon, just clarity. Book your Mortgage Match-Up Chat with Mounira Al Hmoud.
