Loan Types for Homes

We have every loan types for homes – purchase or refinance. One of our Mortgage Planners can help you navigate through each loan option and determine the best loan for your personal situation.

Types of Mortgages

We have mortgage options for every situation. A Mortgage Loan Originator can help you navigate through each mortgage loan and determine the best loan for your personal situation.

Below are the different loan types for homes available. If you need mortgage advice, please contact a mortgage loan originator:

Conventional Loan Type

Conventional Loans – A conventional loan is a mortgage loan that’s not backed by a government agency. A conventional mortgage is broken down into “conforming” and “non-conforming” loans. Conforming conventional loans follow lending rules set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

FHA Loan Type

FHA Loans – A Federal Housing Administration (FHA) loan is a mortgage that is insured by the FHA and issued by an FHA-approved lender. An FHA mortgage is designed for low- to moderate-income borrowers. Because of their many benefits, FHA home loans are popular with first-time homebuyers or borrower with less than perfect credit.

VA Loan Type

VA Loans – The VA loan is a zero down payment mortgage available to Veterans, Service Members and select military spouses. VA loans are issued by private mortgage companies and guaranteed by the U.S. Department of Veterans Affairs (VA).

Jumbo Home Loan

Jumbo Loans – A jumbo loan is a mortgage used to finance properties greater than $625,000, as determined by the Federal Housing Finance Agency (FHFA). Homes that exceed the local conforming loan limit require a jumbo mortgage.

USDA Loan

USDA Loans – The Section 502 Guaranteed Loan Program (Rural Development) Is designed for low- and moderate-income households. Providing the opportunity to own their primary residence in eligible rural areas with no down payment.

Vacation Home

A vacation home or second home loan is available to qualified home buyers.

30-Year Fixed Rate

Learn more about a 30-year fixed rate home loan.

15-Year Fixed Rate Loan

Learn more about a 15-year fixed rate home loan.

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