An FHA insured loan is a US Federal Housing Administration mortgage insurance backed mortgage loan that is provided by an FHA-approved lender. FHA insured loans are a type of federal assistance.
A VA loan is a mortgage loan in the United States guaranteed by the United States Department of Veterans Affairs.
A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
A conventional loan is a type of loan not insured or guaranteed by the government. Instead, the loan is backed by private lenders, and its insurance is usually paid by the borrower.
For those with higher credit and ability to give 5% and 10% down payment. Low rates for fixed and adjustable terms. Quick approval and closing complete within 30 days.
Non-Qualified Mortgage (Non-QM) loans are typically for borrowers with unique income qualifying circumstances. There are millions of people who may have the income but don't qualify with their tax returns, W-2s or pay stubs alone.
Multifamily loans are used by investors to finance multifamily properties between two to four units or commercial-residential properties of five units and up.