A first-time homebuyer who is an active-duty Army sergeant with a credit score of 640 is shopping for a $250,000 home. His loan officer tells him he may qualify for a loan that requires zero down payment. Which loan program most likely offers this benefit?

FHA — requires 3.5% minimum down payment for scores 580+ Conventional — typically requires 3-20% down payment VA — offers 0% down payment for eligible veterans and active-duty military Jumbo — typically requires 10-20% down payment