You can get a conventional mortgage through a private lender. Conventional mortgages aren’t insured by government entities, and are a common mortgage for homebuyers. Let’s start with the most basic types of home loans. Types of mortgage loans Conventional mortgage Alternately, if your credit score is on the lower end or you’re a former service member, you may qualify for assistance. For example, if you have good credit and can put down a substantial down payment, a conventional loan may be right for you.
The answers to these questions will help you narrow down the type of mortgage you should focus on.
So, where to begin? There are a few helpful things you can ask yourself when thinking about the different types of home loans to dial in on the one that fits your needs: The following article will break down the types of home loans you may come across to help make the right choice for your needs and lifestyle. Shopping for a mortgage is a critical step in the homebuying journey - there are plenty of options to explore, whether you’re buying your first home, your dream home or something in between.
