There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily, we're here to help you choose the best type of home loan for your needs.
A conventional loan is a type of loan that is not insured by the government. Conventional loans offer more flexibility and fewer restrictions for borrowers, especially those borrowers with good credit and steady income.
Construction loans are a type of financing designed for individuals or businesses looking to build a new property or undertake significant renovations.
FHA home loans are mortgages which are insured by the Federal Housing Administration (FHA), allowing borrowers to get low mortgage rates with a minimal down payment.
USDA loans are zero-down-payment, low interest rate mortgages. The United States Department of Agriculture guarantees the loans.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
A jumbo loan is a mortgage used to finance properties that are too large for a conventional conforming loan. The maximum amount for a conforming loan is $726,200 in...
The most common type of loan option, the traditional fixed-rate mortgage includes monthly principal and interest payments which never change during the loan's lifetime.
Adjustable-rate mortgages include interest payments which shift during the loan's term, depending on current market conditions. Typically, these loans carry a fixed-i...
