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Category: Home Loans

Home Loan Options

June 09, 2016 by Brian Pritchard

Home Loan Options Learn More About the Types of Home Loans Available to You When it comes time to find funding for a home purchase, it can feel overwhelming to consider all of the information and programs available to homebuyers. Thats why weve put together this handy summary of typical home loan options for you to review. Conventional Loan: Conventional loans follow the guidelines created by GSEs (government-sponsored enterprises) Fannie Mae and Freddie Mac but are not guaranteed or insured by the federal government. Loans can be fixed or adjustable and often require a smaller down payment than other loan types. FHA Loan: Another type of loan with a low down payment is the FHA loan. This loan through the Federal Housing Administration is backed by the federal government. Choose either a fixed or adjustable loan and enjoy the ability to qualify for this type of loan more easily than some other types. Veterans Administration Loan: If you have served or currently serve

Posted in , Home Loans, Mortgage, FHA, VA Loan, Jumbo Loan, USDA Loan
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