Loan types

Understand the different loan types to figure out which ones might be right for you.

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Featured story 6-MINUTE READ

15-year vs. 30-year mortgage comparison

Adjustable rate mortgage tips

Learn why some buyers opt for a loan with a changing mortgage rate

FHA loan tips

Learn how FHA loans can make home buying more affordable

Fixed rate mortgage tips

Learn how this popular loan type works and what to expect

Home equity loan tips

Learn how to leverage your home equity with a home equity loan

Jumbo loan tips

Learn about your options for loans that exceed conforming loan limits

VA loan tips

Learn about the incredible benefits VA loans offer for service members

Additional loans

Learn about less common types of mortgages and whether they're right for you

Loan comparisons

Learn how different types of mortgages stack up

Featured resources

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4-minute read

Understanding fully amortized loans

A fully amortized loan isn’t as confusing as it may sound. Read about how fully amortized loans work, what they’re for and what the payments consist of.

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5-minute read

40-year mortgage: An explanation, the pros and cons

A 40-year loan term can bring down your monthly payment in exchange for paying more overall interest and some riskier features. Learn more about 40-year loans.

6-minute read

What are jumbo loans and how do they work?

A jumbo loan is a mortgage that exceeds current conforming mortgage limits set by the Federal Housing Finance Agency. Learn more about how jumbo loans work.

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4-minute read

Jumbo loan limits and requirements for 2025: A guide

The conforming loan limit in most areas in 2025 is $806,500 for one unit. A home above this limit may require a jumbo loan. Learn about jumbo loan limits.

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5-minute read

Home Equity Conversion Mortgage (HECM) explained: Definition and requirements

A Home Equity Conversion Mortgage is a government-insured loan that allows seniors to convert their home equity into cash. See if a HECM is right for you.

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6-minute read

How to apply for a home equity line of credit (HELOC)

Review the basic requirements for a home equity line of credit (HELOC) and check out step-by-step instructions on how to apply for one.

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