Describe the decision dimensions
Record occupancy, property type, loan size, down payment, credit and income documentation, insurance structure, rate behavior, and geographic or service eligibility. Product names alone do not reveal total cost or approval conditions.
Government backing does not mean the government directly approves every borrower, and a low down payment does not mean low cash to close.
- Eligibility
- Upfront cash
- Monthly insurance
- Rate and payment behavior
Verify current rules
Limits, premiums, fees, and eligibility change. Use current agency and lender disclosures for the specific date and location. Keep seller concessions, assistance programs, and lender credits in separate rows.
Compare at the same loan amount and holding period. A program that helps one constraint can add another cost or documentation requirement.
For one property and borrower scenario, complete the same comparison fields for two programs using current primary sources.