| Loan Type | Down Payment | Terms | Mortgage Insurance |
|---|---|---|---|
| Fixed Rate Mortgages Learn more | 5% | 15 or 30 years, fixed | No (if under 80% loan-to-value) |
| FHA Home Loans Learn more | 3.5% | 10, 15, 20, 25 or 30 years, fixed and adjustable | Yes |
| VA Home Loans Learn more | None | 15, 20, 25 or 30 years, fixed and adjustable | No |
| Jumbo Home Loans Learn more | 20% | 15 or 30 years, fixed and adjustable | No |
| USDA Home Mortgages Learn more | None | 30 years, fixed | No (Up-Front Guarantee Fee financed into loan) |
| Adjustable Rate Mortgage (ARM) Learn more | Varies | 3/1, 5/1, 7/1 or 10/1 | Varies |
| DSCR Loans Learn more | 20-30% | 15 or 30 years, fixed and adjustable | No |
| Non-QM Loans Learn more | Varies | Varies | No |
| Investor Loans Learn more | 20-30% | 15 or 30 years, fixed and adjustable | No |
