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
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...
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 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...
Bank statement loans are a type of non-qualified mortgage loan that use bank statements as proof of income instead of traditional income documentation.
DSCR loans are perfect for real estate investors who can secure a real estate loan based on their rental property’s cash flow, not their income tax returns or other financial paperwork.
An asset loan, also known as asset-based lending, is a type of financing where loans are secured by collateral, which can include inventory, accounts receivable, machinery, or other assets owned by the borrower.
Cross collateralization is a method used by lenders to use the collateral of one loan, such as a car, to secure another loan you have with the lender.
A stated income loan is a loan program that allows you to secure a home loan without verifying your income.
Private money loans are a quick solution for financing or refinancing a real estate investment. Especially if you don’t quality for traditional financing.
The Earned Equity Program enables program participants to enter into a long-term purchase contract with monthly payments controlled by an automatically renewing 10-year lease agreement.
A home equity line of credit (HELOC) is a line of credit that lets you borrow money against the equity in your home.