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...
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...
These are standard loans that conform to Fannie Mae and Freddie Mac guidelines, and they are available for both purchase and refinance scenarios. Conventional loans are a great option for borrowers with good credit and a stable income.
FHA loans are a fantastic option for many homebuyers, especially those who might be first-time buyers or have lower credit scores.
VA loans are a wonderful benefit for veterans, active-duty service members, and eligible spouses.
Jumbo loans are for properties that require financing above the conforming loan limits, which for 2025 is $766,550 in most areas, but can be higher in certain high-cost areas.
