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Federal Housing Administration (FHA) loans are a popular option for home buyers, particularly first-time buyers, who may not have a large down payment or a high credit score.
Conventional loans often require a higher down payment compared to FHA loans, usually around 5% to 20% of the purchase price.
VA loans are a type of mortgage that is available to veterans, active-duty military members, and eligible surviving spouses.
Self-employed home loans, also known as “non-QM loans,” are a type of mortgage designed for self-employed borrowers who may not meet the traditional lending requirements.
Reverse mortgages are a type of home loan available to homeowners who are 62 years or older. With a reverse mortgage, homeowners can convert a portion of their home equity into cash without selling their home.
A second mortgage is a type of home loan that allows homeowners to borrow against the equity they’ve built up in their property.