Home Loan Types
Explore fixed-rate, adjustable-rate, VA, and FHA loan requirements for your home financing.
Home Loan Types FAQ
What are fixed-rate loans?
Fixed-rate loans have a constant interest rate throughout the loan term, providing predictable monthly payments.
What are adjustable-rate loans?
What are VA loan requirements?
What are FHA loan requirements?
What is a VA loan?
VA loans require service in the military and no down payment, with competitive interest rates.
You must be a Veteran, or enrolled in Active Duty to quality. The VA does not set a minimum credit score, but many lenders require a 580-620 or higher. For a primary residence most VA loans have NO Down Payment required.
Adjustable-rate loans have fluctuating interest rates, which can change after an initial fixed period.
FHA loans are designed for low-to-moderate income borrowers, making homeownership more accessible.