A conventional mortgage refers to a loan that is not insured or guaranteed by the federal government.
VA guaranteed loans are made by lenders and guaranteed by the U.S. Department of Veteran Affairs (VA) to eligible veterans for the purchase of a home or refinance.
An FHA loan is insured by the Federal Housing Administration, a federal agency within the U.S. Department of Housing and Urban Development (HUD).
Jumbo Loans are non-conforming loans that exceed the conforming loan limit. Due to the high risk on lenders, jumbo loans have stricter criteria to qualify usually set by the lender.
Construction Loans are typically shorter-term loans that secure funds that are used to build a home.
HELOC’s are revolving credit lines with a credit limit that are borrowed against the equity in your home.