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Five Common Types of Home Loans

Five Common Types of Home Loans

FIVE COMMON TYPES OF HOME LOANS

  • CONVENTIONAL LOANS
    Not backed by the government and are split by loan amount and underwriting guidelines into Conforming and Non-Conforming (including Jumbo) loans.
  • GOVERNMENT LOANS
    Originated and closed by private lenders, but are insured or guaranteed by the government (FHA, VA, USDA). These loans offer lower down payments and more relaxed underwriting guidelines.