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The Federal Housing Administration (FHA) offers FHA-insured loans that are designed to help increase home ownership by low- and moderate-income families and first-time homebuyers. Read more...
The U.S. Department of Veterans Affairs (VA) offers VA-insured loans to veterans, active-duty personnel, reservists/National Guard members and some surviving spouses. Read more...
U.S. Department of Agriculture (USDA) mortgage loans are offered in rural areas to help lower-income households gain access to home loans at reasonable mortgage rates. Read more...
Jumbo mortgage loans are designed for homebuyers who need to finance especially large purchases. A loan is considered jumbo if it exceeds the "conforming" loan limit. Read more...
A conforming loan is a mortgage that is equal to or less than the loan limit set annually by the government-sponsored agencies, Fannie Mae or Freddie Mac. Read more...
A reverse mortgage enables homeowners age 62 and older to convert part of the equity in their primary residence into tax-free cash without having to sell their home or give up title. Read more...
Fixed-rate mortgages feature a fixed percentage rate and loan amount, so the monthly payment is the same every month for the entire length of the loan. Read more...
Adjustable-rate mortgages (ARMs) have a variable interest rate and monthly payments that are recalculated on a regular basis to reflect changes in the market interest rate. Read more...