Offers a consistent interest rate and monthly payment for the entire 30-year loan term, making it a popular choice for long-term stability. It's ideal for buyers who plan to stay in their home for many years and want predictable payments without the risk of rate increases.

Offers a stable interest rate and monthly payment over a shorter loan term, helping you pay off your home faster and save significantly on interest. While monthly payments are higher than a 30-year loan, it builds equity quicker and costs less over time.

Starts with a lower fixed interest rate for an initial period (e.g., 5, 7, or 10 years), then adjusts periodically based on market conditions. It can be a good option if you plan to sell or refinance before the rate adjusts, but it carries the risk of higher payments in the future.

A government-backed mortgage available to eligible veterans, active-duty service members, and some military spouses, offering zero down payment and no private mortgage insurance (PMI). It typically features competitive interest rates and more flexible credit requirements as a benefit for military service.

A government-backed mortgage designed for buyers with lower credit scores or smaller down payments—often as low as 3.5%. It's a popular choice for first-time homebuyers, but it does require mortgage insurance premiums (MIP) to protect the lender.

Mortgages that exceed the conforming loan limits set by Fannie Mae and Freddie Mac—typically used for financing high-value homes. Because they carry more risk for lenders, they often require higher credit scores, larger down payments, and more thorough financial documentation.