Conventional: No government involvement, Lowest Loan To Value, 28% Housing / 36% Total Debt, A prepayment penalty may be charged if the loan is greater than a specified amount, FHA: Government insures, Small Down Payment, A specialized appraisal that considers safety, No prepayment penalty, VA: Government guarantees, Highest LTV, Certificate of Reasonable Value, Who can originate a loan is very limited,

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