Compare FHA, VA, USDA, and Conventional loans to find the perfect mortgage solution for your situation
Miles Mixon (NMLS 2567292) of Presidential Bank Mortgage originates all four programs across coastal Georgia and northeast Florida. Sample 30-year rates as of 2026-10-14 00:00:49: FHA 7.18%, VA 7.13%, USDA 7.21%, Conventional 7.39%. Rates are indicative market averages, not a quote or commitment to lend.
Federal Housing Administration loans are perfect for first-time homebuyers and those with lower credit scores or smaller down payments.
Only 3.5% down payment required with 580+ credit score
Credit scores as low as 580 accepted (with 10% down)
Must be your primary residence, not investment property
Rates, terms, and payment amounts shown are for illustrative purposes only and may change at any time without notice. The FHA loan example reflects a single-family property with a 700 FICO score and 3.5% down payment. Monthly payment estimates do not include FHA mortgage insurance (MIP), which will increase the total monthly payment. Taxes and homeowner's insurance are included as assumed estimates and may vary. This information does not represent a Loan Estimate, Good Faith Estimate, or an offer to lend. All loans are subject to credit approval, FHA guidelines, and property eligibility.
Veterans Affairs loans offer the best terms for eligible veterans, active-duty service members, and surviving spouses with no down payment required.
100% financing available for eligible veterans
No private mortgage insurance required
Often lower rates than conventional loans
Rates, terms, and payment amounts shown are for illustrative purposes only and may change at any time without notice. The VA loan example reflects a single-family property with a 700 FICO score and 0% down payment. Monthly payment estimates do not include the VA Funding Fee, which may increase the total loan amount and monthly payment. Taxes and homeowner's insurance are included as assumed estimates and may vary. This information does not represent a Loan Estimate, Good Faith Estimate, or an offer to lend. All loans are subject to credit approval, VA guidelines, and borrower eligibility.
USDA Rural Development loans offer 100% financing for eligible properties in rural and suburban areas with no down payment required.
100% financing for eligible rural properties
Available in designated rural and suburban areas
Must meet area income requirements
Rates, terms, and payment amounts shown are for illustrative purposes only and may change at any time without notice. The USDA loan example reflects a single-family property with a 700 FICO score and 0% down payment. Monthly payment estimates do not include the USDA Guarantee Fee or annual fee, which will increase the total loan amount and monthly payment. Taxes and homeowner's insurance are included as assumed estimates and may vary. This information does not represent a Loan Estimate, Good Faith Estimate, or an offer to lend. All loans are subject to credit approval, USDA guidelines, and property and income eligibility requirements.
Traditional financing with flexible terms and competitive rates. Ideal for buyers with good credit and larger down payments.
15 or 30-year terms available
Lowers private mortgage insurance
Up to $806,500 in most areas
Rates, terms, and payment amounts shown are for illustrative purposes only and may change at any time without notice. The Conventional loan example reflects a single-family property with a 700 FICO score and a 20% down payment (80% loan-to-value). Monthly payment estimates include assumed taxes and homeowner's insurance, which may vary. Private mortgage insurance (PMI) is not required at an 80% LTV; however, PMI may apply for borrowers with a higher LTV or different credit profile. This information does not represent a Loan Estimate, Good Faith Estimate, or an offer to lend. All loans are subject to credit approval, investor guidelines, and property eligibility.
Special programs and assistance designed to help first-time buyers overcome common obstacles and achieve homeownership.
Grants and loans to help with down payment
Required education courses available
Potential tax benefits for first-time buyers
Rates, terms, and payment amounts shown are for illustrative purposes only and may change at any time without notice. The first-time homebuyer example reflects a single-family property with a 700 FICO score and a 3.5% down payment. Assistance shown is based on the Georgia Dream program's $7,500 grant; actual eligibility, grant amounts, and program requirements may vary. Monthly payment estimates include assumed taxes and homeowner's insurance and do not include mortgage insurance (MIP), which will increase the total monthly payment. This information does not represent a Loan Estimate, Good Faith Estimate, or an offer to lend. All loans are subject to credit approval, applicable investor guidelines, and Georgia Dream program eligibility.
Lower your monthly payment, reduce your interest rate, or access your home's equity with our refinancing options.
Reduce your interest rate and monthly payment
Pay off your mortgage faster
Access your home's equity for major expenses
Rates, terms, payment amounts, and estimated savings shown are for illustrative purposes only and may change at any time without notice. The refinance example reflects a borrower scenario with a 700 FICO score; actual savings will vary based on credit profile, current loan balance, remaining loan term, property type, and interest rate market conditions. The break-even estimate is based on assumed closing costs and may differ from your actual scenario. This information does not represent a Loan Estimate, Good Faith Estimate, or an offer to lend. All refinance transactions are subject to credit approval, investor guidelines, and property eligibility.
Compare the key features of each loan program to find the best fit for your situation
| Loan Type | Down Payment | Credit Score | Mortgage Insurance | Best For |
|---|---|---|---|---|
| FHA | 3.5% - 10% | 580+ | Required | First-time buyers, lower credit |
| VA | 0% | Flexible | None | Veterans, military families |
| USDA | 0% | Flexible | Guarantee fee | Rural areas, moderate income |
| Conventional | 3% - 20% | 620+ | With <20% down | Good credit, flexible terms |
Let Miles help you choose the right mortgage option for your situation. Get personalized guidance and competitive rates from your local expert.
