Loan Type	Down Payment	Terms	Mortgage Insurance
Fixed Rate Mortgages Learn more	5%	15 or 30 years, fixed	No (if under 80% loan-to-value)
FHA Home Loans Learn more	3.5%	10, 15, 20, 25 or 30 years, fixed and adjustable	Yes
VA Home Loans Learn more	None	15, 20, 25 or 30 years, fixed and adjustable	No
Jumbo Home Loans Learn more	20%	15 or 30 years, fixed and adjustable	No
USDA Home Mortgages Learn more	None	30 years, fixed	No (Up-Front Guarantee Fee financed into loan)
Renovation Mortgage 203(k) Learn more	3.5%	30 years, fixed	Yes
Adjustable Rate Mortgage (ARM) Learn more	Varies	3/1, 5/1, 7/1 or 10/1	Varies

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