TermLoans & mortgages
Conventional vs FHA/VA loan
Conventional loans are not government-backed; FHA and VA are, with easier terms for some buyers.
Watch out for this
FHA needs a smaller down payment; VA is for eligible military, often 0% down.
About this entry: short by design — every term in The Money Translator gets a one-sentence definition and a one-sentence reason to care. Some terms get deeper guides under the work.