Loan Types

Home loans aren’t one size fits all. There are lots of different types of buyers and buying scenarios so there are different types of loans to meet their needs.



An FHA loan is a government-insured loan that offers down payments as low as 3.5%. FHA loans come with a 15-, 20-, 25- or 30-year term and have a fixed interest rate.

While there are no specific income requirements to qualify, you will have to pay monthly mortgage insurance for the duration of the loan and a mortgage insurance premium at closing. But for first time home buyers without access to a big down payment, an FHA can be your BFF.