Loan types

Find the loan that fits your life.

Every program has trade-offs. Here's a plain-English look at the most common ones.

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Most common

Conventional

Not backed by a government agency. Great for buyers with solid credit, and mortgage insurance drops off once you reach 20% equity.

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Down payment

From 3%

Typical credit

620+

Mortgage insurance

Under 20% down

Best for

Strong credit

Flexible credit

FHA

Insured by the Federal Housing Administration, with more flexible credit and debt guidelines — a favorite for first-time buyers.

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Down payment

From 3.5%

Typical credit

580+

Mortgage insurance

Upfront + annual

Best for

First-time buyers

Veterans & military

VA

For eligible veterans, active-duty service members and surviving spouses. No down payment and no monthly mortgage insurance.

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Down payment

0%

Typical credit

580–620+

Mortgage insurance

None

Best for

Eligible service

Rural & suburban

USDA

Zero-down financing for homes in eligible rural and suburban areas, with income limits based on county.

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Down payment

0%

Typical credit

640+

Guarantee fee

Upfront + annual

Best for

Eligible areas

Guidelines shown are typical program minimums and may vary by lender, property and borrower profile.

More options

Other loan types we offer

HELOC

A HELOC is a flexible line of credit that lets homeowners borrow against the equity in their home. You can draw funds as needed, pay interest only on what you use, and reuse the credit as you repay it—making it a convenient option for home improvements, major expenses, or financial flexibility.

LOAN TYPE NAME

Placeholder description text goes here. This section will contain information about the loan type, its benefits, and how it works for potential borrowers.

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