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 ...
A bridge loan is short-term financing that helps a homeowner purchase a new home before selling their current one. It can use the equity in the existing home to provide funds for a down payment, closing costs, or temporary financing.
A Non-Qualified Mortgage (Non-QM) offers flexible financing options for borrowers whose income, credit profile, or property type may not meet traditional mortgage guidelines. These programs may use alternative methods to document a borrower’s ability to repay, such as bank statements, 1099 income, investment-property cash flow, or assets.