Conventional mortgages are home loans not insured by the government, typically requiring a higher credit score and a larger down payment, but offering competitive interest rates and flexible terms for qualified borrowers.

FHA mortgages are government-backed loans insured by the Federal Housing Administration, designed to help low-to-moderate income borrowers with lower credit scores and smaller down payments secure home financing.

VA mortgages are home loans guaranteed by the U.S. Department of Veterans Affairs, offering eligible veterans and active-duty service members benefits such as no down payment, no private mortgage insurance, and competitive interest rates.

USDA mortgages are zero-down-payment loans for eligible rural and suburban homebuyers, backed by the U.S. Department of Agriculture, with competitive interest rates and flexible credit requirements.

Non-QM (Non-Qualified Mortgage) loans, including the Debt-Service Ratio (DSR) program and Bank Statement program, provide flexible financing options for self-employed borrowers and those with non-traditional income, focusing on cash flow and alternative documentation rather than traditional income verification.

Jumbo mortgages are loans exceeding the conforming loan limits set by the Federal Housing Finance Agency, designed for financing luxury properties and high-value homes, typically requiring higher credit scores, larger down payments, and offering competitive rates for financially secure borrowers.