Conventional mortgages are the largest category of mortgage financing in the United States and they make up a lot of variance in mortgage products. They are managed by a bank; they're managed by a private entity.
The government loans would include FHA, USDA, and VA. These are loans insured by some government entity that manages how the loans are underwritten, how their packaged, and the rules that someone has to adhere to in order to get approval
The USDA product is also zero percent down; but, eligibility for this one is based on income.http://kentuckyusdaloan.com
FHA loans are the second most popular loan outside of the conventional mortgage. However, they can be a little more expensive in the long run.
Senior Loan Officer
Key Financial Mortgage Co. (NMLS #1800)*
107 South Hurstbourne Parkway*
Louisville, KY 40222*