5 Types of Mortgage Loans: Which One Is Best for You?

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¹ Information from the FHA’s, “FHA Loan Requirements,” as of February 5, 2024: https://www.fha.com/fha_loan_requirements

² Information from the National Association of Home Builder’s “Eye on Housing,” as of February 5, 2024: https://eyeonhousing.org/2023/08/new-home-sales-increasingly-backed-by-fha-loans/

³ Information from the Consumer Financial Protection Bureau’s “Conventional Loans,” as of February 5, 2024: https://www.consumerfinance.gov/owning-a-home/loan-options/conventional-loans/

⁴ Information from the Fannie Mae’s “Selling guide,” accessed February 7, 2024: https://selling-guide.fanniemae.com/Selling-Guide/Origination-thru-Closing/Subpart-B3-Underwriting-Borrowers/Chapter-B3-5-Credit-Assessment/1041363231/What-is-the-minimum-credit-score-requirement.htm

⁵ Information from the Consumer Financial Protection Bureau’s “Adjustable-Rate Mortgages” as of February 5, 2024: https://files.consumerfinance.gov/f/documents/cfpb_charm_booklet.pdf

⁶ Information from the Federal Housing Finance Agency’s, “FHFA Announces Confirming Loan Limit Values for 2024” as of February 5, 2024: https://www.fhfa.gov/Media/PublicAffairs/Pages/FHFA-Announces-Conforming-Loan-Limit-Values-for-2024.aspx

⁷ Information from the FHA’s “FHA Loans and Mortgage Insurance Requirements” as of February 5, 2024. https://www.fha.com/fha_article?id=1373

⁸ Information from the U.S Department of Veterans Affairs, “VA Home Loans,” as of February 5, 2024: https://www.benefits.va.gov/homeloans/

⁹ Information from the United State Department of Agriculture’s, “Rural Development Single Family Housing Direct Loan Program,” as of February 5, 2024: https://www.rd.usda.gov/sites/default/files/RD-DirectLimitMap.pdf.

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