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.
Get Started
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.
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.
VA loans are mortgages guaranteed by the Department of Veteran Affairs. These loans offer military veterans exceptional benefits, including low interest rates and no ...
USDA loans—backed by the U.S. Department of Agriculture—are designed to help low- to moderate-income buyers achieve homeownership in eligible rural areas. With zero down, reduced mortgage insurance, and low interest rates, a USDA loan could be your key to affordable living outside city limits.
A jumbo loan is a mortgage used to finance properties that are too expensive for a conventional conforming loan. The maximum amount for a conforming loan is $766,550 in...
A Debt Service Coverage Ratio (DSCR) loan is a type of non-qualified mortgage (non-QM) primarily used by real estate investors to finance investment properties, such as rental properties.
Non-QM Bank Statement Loans are a fantastic option for self-employed individuals, freelancers, and borrowers with non-traditional income sources. If you've struggled to qualify for a mortgage due to inconsistent or unconventional income, this loan offers a solution by using bank statements instead of tax returns to verify your income.
Turn your home equity into opportunity. Explore flexible Home Equity Line of Credit (HELOC) and Second Mortgage solutions for renovations, debt consolidation, education expenses, and other financial goals.
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...
Interest only mortgages are home loans in which borrowers make monthly payments solely toward the interest accruing on the loan, rather than the principle, for a specif...
Graduated Payment Mortgages are loans in which mortgage payments increase annually for a predetermined period of time (e.g. five or ten years) and...