Loan Types

Piggyback mortgage structure with an 80% first mortgage, 10% second mortgage, and 10% down payment.

Piggyback mortgage structure with an 80% first mortgage, 15% second mortgage, and 5% down payment.

Mortgage program designed to improve access for eligible borrowers through approved loan features or assistance.

Mortgage structure that uses more than one loan at the same closing to finance a property purchase.

Approved subordinate mortgage or assistance lien used with a first mortgage in certain affordable lending structures.

Affordable conventional mortgage program label used for eligible borrowers, properties, and assistance structures.

Affordable conventional mortgage program label used for eligible low- to moderate-income borrowers and properties.

Undisclosed or poorly documented second mortgage that can create serious approval and fraud concerns.

Short fixed-rate mortgage with fast scheduled payoff and higher monthly payments than longer terms.

Hybrid ARM with a ten-year initial fixed period before later adjustments.

Hybrid ARM with a ten-year initial fixed period and six-month adjustment intervals afterward.

Fixed-rate mortgage with payments scheduled over a 15-year repayment term.

Fixed-rate mortgage with a 20-year repayment term, balancing payment level and payoff speed.

Hybrid ARM with a three-year initial fixed period before later adjustments.

Fixed-rate mortgage with payments scheduled over a 30-year repayment term.

Hybrid ARM with a five-year initial fixed period before later adjustments.

Hybrid ARM with a five-year initial fixed period and six-month adjustment intervals afterward.

Hybrid ARM with a seven-year initial fixed period before later adjustments.

Hybrid ARM with a seven-year initial fixed period and six-month adjustment intervals afterward.

Mortgage with a large lump-sum payoff due before full amortization would end.

Mortgage secured by more than one property or parcel under a single loan structure.

Home-financing loan secured by a movable manufactured home rather than by real property in the usual mortgage sense.

Mortgage meeting the size and rule framework used for standard agency eligibility.

Short-term construction financing that does not automatically become the permanent mortgage.

Mortgage structured so scheduled payments repay the loan by the end of the term.

Short-term real-estate-secured financing often based heavily on collateral and exit strategy.

Conforming mortgage used in higher-cost areas when the loan amount is above the baseline limit but still within allowed high-cost limits.

Adjustable-rate mortgage with an initial fixed period followed by later rate adjustments.

Mortgage allowing interest-only payments before full principal repayment begins.

Mortgage option for borrowers who use an Individual Taxpayer Identification Number instead of a Social Security number.

Mortgage above the conforming limits used for standard agency-backed lending.

Financing used to buy land before a completed home or permanent mortgage is in place.

Mortgage or similar financing used to fund an eligible manufactured home.

Mortgage outside standard conforming limits or agency-style guidelines.

Mortgage product marketed to physicians or medical professionals with specialized qualification features.

Mortgage a lender keeps instead of quickly selling into the secondary market.

Mortgage or seller-held financing used to help the buyer acquire the property being purchased.

Home-purchase financing where the seller extends credit to the buyer instead of relying only on a traditional mortgage lender.

Seller-financing structure where a new obligation wraps around an existing underlying mortgage.

Second loan paired with a first mortgage to help finance the purchase.

Mortgage with a rate that can reset after an initial fixed period.

Mortgage that may let a new borrower take over an existing loan.

Process where a new borrower takes over an existing mortgage if rules allow.

Non-QM mortgage using bank-statement cash flow instead of standard income documentation.

Financing used to build a home rather than only buy a completed property.

A build-financing structure that starts as a construction loan and then converts into long-term mortgage financing when the home is completed.

Non-QM investment-property mortgage that leans on rental income coverage instead of ordinary owner-occupant income qualification.

FHA renovation mortgage combining property financing with approved repair funds.

Mortgage outside the Qualified Mortgage framework but still legally originable.

Mortgage that includes approved repair or improvement funds with property financing.

Mortgage not directly backed by FHA, VA, or USDA programs.

Mortgage insured by the Federal Housing Administration and made by an approved lender.

Mortgage with an interest rate that stays stable for the scheduled term.

Mortgage programs and structures, from fixed and adjustable loans to jumbo, FHA, VA, and USDA options.

Mortgage program for eligible rural areas or qualifying locations with borrower rules.

Mortgage program for eligible borrowers using a Veterans Affairs guarantee structure.

Short-term financing used to bridge a timing gap between mortgage-related transactions.

Loan letting eligible homeowners borrow against equity without standard monthly payments during occupancy.