1. Fixed-Rate Mortgages:

- Loan program offering a fixed interest rate for the entire loan term.

- Suitable for borrowers seeking predictable monthly payments.

- Available in various terms such as 15 years or 30 years.

- Provides stability and eases budget planning.

2. Adjustable-Rate Mortgages (ARM):

- Loan program with an initial fixed interest rate period, followed by periodic adjustments.

- Initial fixed-rate period typically ranges from 3 to 7 years.

- After the initial period, the interest rate adjusts based on market conditions.

- Offers potential savings if the interest rates decrease.

3. FHA Loans:

- Loan program insured by the Federal Housing Administration.

- Designed for first-time homebuyers and those with lower credit scores.

- Requires a lower down payment compared to conventional loans.

- Flexible eligibility criteria and more lenient credit requirements.

4. VA Loans:

- Loan program exclusively available to qualifying veterans, active-duty members, and their families.

- Offered by the Department of Veterans Affairs.

- No down payment requirement and competitive interest rates.

- Provides additional benefits like limited closing costs and no private mortgage insurance (PMI).

5. Jumbo Loans:

- Loan program designed for purchasing high-value properties that exceed conventional loan limits.

- Enables financing for luxury homes and properties in expensive areas.

- Higher credit score and down payment requirements may apply.

- Offers fixed-rate and adjustable-rate options.

6. USDA Loans:

- Loan program backed by the U.S. Department of Agriculture.

- Intended for borrowers in rural and suburban areas meeting specific income requirements.

- Provides low-to-no down payment options.

- Supports the purchase, construction, repair, or renovation of eligible properties.

7. Construction Loans:

- Loan program catering to individuals constructing a new home or major renovations.

- Offers short-term financing during the construction phase.

- Converts into a traditional mortgage once construction is complete.

- Interest-only payments during the construction period.

8. Rehabilitation Loans:

- Loan program for purchasing and renovating properties in need of repair or upgrades.

- Combines the purchase and renovation costs into a single loan.

- Enables borrowers to personalize and improve their property.

- Popular option for fixer-upper homes or property flippers.

9. Bridge Loans:

- Short-term loan program bridging the gap between buying a new home and selling the current one.

- Assists borrowers in covering down payment or purchasing contingencies.

- Repaid after selling the existing property.

- Provides flexibility and convenience in real estate transactions.

10. Reverse Mortgages:

- Loan program designed for homeowners aged 62 or older.

- Converts a portion of home equity into tax-free funds without the need to sell the property.

- No monthly mortgage payments required.

- Repayment occurs when the homeowner moves out or sells the property.

11. Investment Property Loans:

- Loan program for purchasing or refinancing properties intended for investment purposes.

- Helps investors expand their real estate portfolio.

- May require higher down payment and credit score compared to primary residence loans.

- Offers fixed-rate and adjustable-rate options.