Loan types

Featured resources

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4-minute read

Understanding FHA 203(b) loans and how they differ from FHA 203(k) loans

FHA 203(b) loans are intended for move-in ready homes and FHA 203(k) loans are used for homes that require significant repairs. Learn more about these loans.

White stucco bungalow with sloped roof and red door.

4-minute read

VA funding fee: What to expect

The VA funding fee is a one-time charge you pay to help fund the VA loan program and protect your lender and the VA from financial losses if you default. Learn more about this payment.

A military man speaking to an advisor, potentially discussing financial aspects or options related to housing.

4-minute read

VA appraisal fees: What to expect

Are you considering a VA loan but don’t know what to expect in terms of costs? Learn about the VA appraisal fees you can expect when using this type of loan.

Small blue house in a backyard, showcasing a compact standalone house in a residential setting.

5-minute read

What is an RHS loan?

An RHS loan can help rural families bypass the down payment requirement and get the boost they need to qualify for a mortgage. Learn more about RHS loans.

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3-minute read

Fannie Mae credit scoring changes could help more borrowers qualify

Fannie Mae will now use the average of the median credit scores for all clients on a mortgage. If you’ve been denied in the past, you may now qualify!

A picturesque neighborhood with a row of charming houses, creating a cozy and inviting atmosphere.

5-minute read

What are conforming loans and what do they mean to borrowers?

Conforming loans comply with Fannie Mae and Freddie Mac rules, and are thus eligible for purchase and resale to investors. Find out what that means for you.

A countryside home, showcasing a rural residence with natural surroundings.

7-minute read

A guide to USDA guaranteed vs direct loans

Wondering about how USDA guaranteed and direct loans compare? Check out our guide to determine which USDA loan product fits your rural housing aspirations.

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5-minute read

USDA loan closing costs: What they cover and what can be rolled into your loan

USDA loans require no down payment and offer unique means for covering your closing costs. Read our guide to USDA closing costs and how you can afford them.

A light tan home with a black roof and stone driveway, showcasing exterior home details.

6-minute read

VA jumbo loan limits, rates and requirements

A VA jumbo loan can help qualifying borrowers buy a more expensive home. Learn how it works and uncover VA jumbo loan rates, limits and requirements.

A young couple looking for a house, symbolizing the process of home search or property hunting.

5-minute read

Non-conforming loans: What are they and how do they work?

Wondering what a non-conforming loan is and how one works? Learn about your mortgage options and see whether a non-conforming loan is the best option for you.

A white brick house, illustrating residential architecture and exterior design.

9-minute read

Buying a second home with a VA loan

With competitive interest rates and benefits, why wouldn’t you want to use a VA loan to purchase another home? Read on to find out what’s possible for you.

A houseboat loan, suggesting financing options for a floating residence or houseboat.

6-minute read

Houseboat loans: A complete financing guide

Floating off the beaten path means doing a little extra homework to move into your own dream boat. Read our complete guide to houseboat financing.

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6-minute read

Your guide to debt-to-income (DTI) ratio for VA loans

Applying for a VA loan? Your debt-to-income ratio will be an important factor. Learn how to calculate your DTI ratio and what to do if your DTI is too high.

Country cottage, showcasing a cozy rural dwelling with natural surroundings in snowy weather.

4-minute read

Do USDA loans require mortgage insurance?

For USDA loans, mortgage insurance isn’t technically required, but there are similar fees. Find out about these attractive mortgage deals for rural home buyers.

A woman thinking at a computer, suggesting contemplation or decision-making in real estate or finances.

5-minute read

FHA vs. VA loans: What's the difference, and which one is best for you?

FHA loans and VA loans can be great borrowing options for aspiring homeowners. Learn more about the differences between these two mortgage loan types here.

Man working a laptop, drinking coffee at a cafe with a living wall behind him.

7-minute read

The servicemembers civil relief act (SCRA): What it covers and who is eligible

The Servicemembers Civil Relief Act (SCRA) provides certain protections for active duty servicemembers. Learn about what the SCRA covers and who is eligible.

Boston's Back Bay apartment buildings in spring, showcasing urban residential areas.

3-minute read

Can FHA loans be used for investment properties?

Want to use an FHA loan for investment property? Occupancy requirements for FHA loans can make it challenging. Learn how to invest with an FHA loan.

A financial meeting or discussion, potentially related to mortgage planning or financial decisions.

5-minute read

Upfront Mortgage Insurance Premiums (UFMIP): What you need to know

If you have an FHA loan, you’ll encounter something called an upfront mortgage insurance premium (UFMIP). Uncover the facts about what it is and how it works.

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