Compare every financing path in plain language

Conventional loans

Mortgages that are not insured by a government agency and typically follow Fannie Mae or Freddie Mac guidelines.

FHA loans

Mortgages insured by the Federal Housing Administration and originated by approved lenders.

VA loans

Mortgages guaranteed by the U.S. Department of Veterans Affairs for eligible service members, veterans and certain surviving spouses.

USDA Guaranteed loans

Loans made by approved lenders and guaranteed by USDA Rural Development for eligible rural properties.

USDA Section 502 Direct loans

Loans made directly by USDA Rural Development to qualifying low- and very-low-income applicants.

Construction-to-permanent loans

Financing that funds construction and then converts to a permanent mortgage.

One-time / single-close construction loans

A single closing that covers land, construction and the permanent mortgage.

Land loans

Financing used to purchase raw, unimproved or improved land.

Manufactured and modular home financing

Loan products designed for factory-built housing, which are underwritten differently from site-built homes.

Renovation loans, including FHA 203(k)

Financing that combines the purchase or refinance of a home with the cost of repairs and improvements.

Owner and seller financing

The seller finances all or part of the purchase price instead of a traditional lender.

Home equity loans, HELOCs and bridge loans

Financing secured by equity in a property you already own, sometimes used for land, construction or a bridge between homes.