Types Of Mortgage Loans for Homebuyers

By choosing the right types of mortgage loans for your situation, you can reduce your down payment and total interest payments for the entire duration of your loan

Conventional Loan

Best suited for creditworthy borrowers.

Jumbo Loan

Best suited for borrowers with excellent creditworthiness to purchase an expensive home.

Government-Insured Loan

Best suited for borrowers with lower creditworthiness and few cash advances.

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Fixed-Rate Mortgage

Best suited for borrowers who want the same payment predictability throughout the loan.

Adjustable-Rate Mortgage

Best for borrowers who don’t plan on living at home for long and are happy with the risk of a large payment.

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