Features. VA loans cannot have prepayment penalties, and they are all assumable loans. Both of these features can make it easier to sell a home financed with a VA loan, since most conventional.
Maximum Conventional Loan Max Conventional Loan Amount Conventional Loan fees conventional loans have various types of programs, including fixed rate programs, ARM programs, interest-only programs, hybrid rate programs, and balloon payment programs. The easiest way to see what conventional loan program can best help you finance your home? Speak with a lender who helps people follow the guidelines for conventional loans.Fha Loan Vs Conventional Loan First Time Home Buyer · First let’s start with the main difference between the FHA and conventional loan programs. fha : This is a government-backed program that requires a 3.5% down payment. FHA loans are best for borrowers who have lower credit than it takes to qualify for a conventional loan.