FHA vs VA Loans: 2026

FHA: 3.5% down + MIP. VA: 0% down, no PMI.

FHA

3.5% min down (580+ FICO)

Upfront MIP: 1.75%

Annual MIP: 0.55%

VA

0% down

No PMI

Funding fee: 2.15% first use

FHA vs VA Loan Limits