What is Your Current Mortgage Type?
Conventional: Conventional loans are ideal for borrowers with good credit and a stable income. They are the most common type of mortgage loan and are not insured by the government.
FHA: Insured by the Federal Housing Administration, FHA loans are popular among first-time home buyers due to lower credit score requirements. They are a great option for those who might not qualify for a conventional loan.
VA: VA loans are a benefit for veterans, active-duty service members, and certain members of the National Guard and Reserves. They offer competitive interest rates and often require no down payment or mortgage insurance.
Other: This category includes a variety of non-traditional loan options such as USDA loans for rural home buyers, jumbo loans for properties exceeding conforming loan limits, and adjustable-rate mortgages with varying interest rates.