Government Loans

FHA– Federal Housing Administration (Department of Housing and Urban Development)
Low down-payment, low interest rates, and low PMI make these especially good for the first time homebuyer

VA – Veterans Administration (Veteran Affairs)
Up to 100% financing, based on VA Certificate of Eligibility (DD-214)

RD – Rural Development (Department of Agriculture)
Up to 102%, including closing costs, if appraised value is high enough. Covers very specific regions.

Conventional Loans

Conforming
*Good credit history and scores
*Good reserve funds (ie: 401K, bank accounts, stocks, etc.)
*Verifiable income
*Lower debt to income ratio

*Down payment of 5% and up
*Credit issues/problems
*Bankruptcy discharged over 2 years