A plain-English look at each option. These are overviews, not offers. Rates, terms, eligibility, and approval depend on your credit, income, property, and full underwriting.
The everyday home loan, not backed by a government agency. It's a common fit for buyers with steady income and established credit. It works for a primary home, second home, or rental property.
Insured by the Federal Housing Administration, with credit and down payment guidelines that can be more flexible than conventional loans. Popular with first-time buyers.
A benefit earned through service, for eligible veterans, active-duty service members, and some surviving spouses. Backed by the Department of Veterans Affairs.
Backed by the U.S. Department of Agriculture. It's for eligible homes in qualifying rural and small-town areas, and household income limits apply.
For loan amounts above the conforming loan limit in your county, often used for higher-priced homes, lake property, and acreage.
A home equity line of credit lets you borrow against the equity in your home as you need it, while keeping your first mortgage in place.
Replace your current mortgage with a new one. You can change your payment or term, or take cash out of your equity.
For borrowers whose finances don't fit the usual box: self-employed people, business owners, real estate investors, or people with a recent credit event. These programs can use bank statements, assets, or rental income to qualify.
A short-term bridge loan can help you use the equity in your current home toward your next one, so you can buy before you sell.
Use a cash-out refinance or home equity to roll higher-interest balances, like credit cards or personal loans, into one payment secured by your home.
This is not a commitment to lend; all loans are subject to credit approval. Not all applicants will qualify. Program availability and guidelines may change without notice.