Conventional

A conventional loan is the most popular type of mortgage, that is backed by private lenders rather than the federal government.

Conventional loans can be used for all types of properties, and with low down payment options. 

VA

Loan backed by the U.S. Department of Veterans Affairs

Your military service may make you eligible for a no-down payment loan.  There's no mortgage insurance requirement, and qualifying guidelines are more flexible than other loan types.

FHA

Loan backed by the Federal Housing Administration

First time buyers may find it easier, and more cost effective to get a loan backed by FHA. Home buyers may qualify for a low-down payment, and more flexibility if your credit score is low.

USDA

Loan guaranteed by the U.S. Department of Agriculture

USDA allows for no down payment financing to help low - moderate income consumers, to buy homes in designated rural areas.