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.
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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...
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 ...
Jumbo loans are designed for higher-priced properties that exceed conventional conforming loan limits, offering flexible financing options for luxury or high-value homes.
DSCR (Debt Service Coverage Ratio) mortgages are a type of loan designed specifically for real estate investors, eligibility is primarily based on the income generated by the property, rather than the borrower's personal income.
Alt-doc loans can be a valuable option for borrowers with non-traditional income sources who may not qualify for conventional mortgages.
