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A conventional loan is any mortgage loan that is not insured or guaranteed by the government (such as under Federal Housing Administration, Department of Veterans Affairs, or Department of Agriculture loan programs). Conventional loans can be conforming or non-conforming.
The Federal Housing Administration (FHA) insures several types of mortgage products designed to make homeownership more accessible to a wider range of borrowers. The most common type is the FHA Fixed-Rate Mortgage, which offers a stable interest rate for the life of the loan—typically in 15-year or 30-year terms.
A VA loan is a mortgage option backed by the Department of Veterans Affairs (VA) available to Veterans, service members and surviving spouses.
In the most simple terms, it means you are repaying your existing home loan with a new one. The new one will typically be at a lower rate of interest or it might offer you better features. Regardless of your circumstances, understanding what refinancing involves will help you make the best choices.
The USDA Home Loan, or rural development loan, is a low-interest government-sponsored mortgage available for designated rural and suburban areas. The USDA Loan is a 0% down payment mortgage designed to help low- to moderate-income households purchase, build, rehabilitate, or improve a home.
The Federal Housing Administration (FHA) insures several types of mortgage products designed to make homeownership more accessible to a wider range of borrowers. The most common type is the FHA Fixed-Rate Mortgage, which offers a stable interest rate for the life of the loan—typically in 15-year or 30-year terms.
A home equity line of credit, also known as a HELOC, is a line of credit secured by your home that gives you a revolving credit line to use for large expenses or to consolidate higher-interest rate debt on other loans such as credit cards.
A bridging loan is a short-term loan used to help you 'bridge the gap' when you want to buy something, but you're waiting for funds to become available from the sale of something else.

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