Loan Types

Lender-specific mortgage that relies primarily on verified eligible assets rather than ordinary employment-income qualification.

Real-estate-secured credit extended primarily for business or commercial use rather than personal household purposes.

Staged release of construction-loan funds after approved work and supporting documents satisfy lender requirements.

Budget amount reserved for eligible unforeseen construction or renovation costs that arise after closing.

Progress review used to help a construction lender decide whether completed work supports a requested draw.

Milestone-based plan showing when construction costs may be requested, reviewed, and released from the loan.

VA assumption process replacing the seller's used home-loan entitlement with sufficient entitlement from an eligible assuming buyer.

Approved transfer in which a qualified buyer takes over an existing FHA-insured mortgage and its remaining terms.

Lender-specific U.S. property mortgage for an eligible non-U.S. borrower using specialized residency, income, asset, or credit documentation.

FHA-insured reverse mortgage for eligible homeowners age 62 or older who use an eligible home as a principal residence.

Required independent session that helps a prospective HECM borrower review costs, obligations, alternatives, and loan consequences.

Loan status requiring a reverse mortgage balance to be resolved after a maturity event or uncured borrower default.

HECM methods for receiving proceeds through a credit line, monthly advances, a lump sum, or an available combination.

HECM borrowing ceiling calculated before payoffs, set-asides, closing costs, and prior advances reduce available proceeds.

Designated construction-loan funds used to pay interest as staged advances increase the outstanding balance.

Portion of a HECM principal limit reserved to help pay designated property taxes and insurance charges.

HECM borrower's spouse who is not on the loan note but may qualify for limited occupancy protections under HUD rules.

Home-secured loan that lets an eligible older homeowner access equity while deferring ordinary monthly loan repayment.

Approved transfer in which a qualified buyer takes over an existing VA-backed mortgage and its remaining terms.

Document in which an approved new borrower accepts responsibility for an existing mortgage obligation.

A proposed borrower's request for approval to take over a specific existing mortgage and its remaining terms.

Charge for reviewing, processing, and documenting a request to take over an existing mortgage.

Short-term financing used to buy a new home before sale proceeds from the current home are available.

Mortgage assumption requiring the proposed borrower to pass the applicable credit and repayment review.

Mortgage insured, guaranteed, or funded through a federal housing program such as FHA, VA, or USDA.

Formal removal of an existing borrower from personal responsibility for a continuing mortgage debt.

Property transfer in which the buyer takes title while the seller's existing mortgage remains without an approved substitution of borrowers.

A piggyback purchase structure using an 80% first mortgage, 10% second mortgage, and 10% down payment.

A piggyback purchase structure using an 80% first mortgage, 15% second mortgage, and 5% down payment.

Mortgage or assistance program that reduces specific barriers for eligible buyers through targeted financing features.

Disclosed subordinate affordable-housing loan used with an eligible first mortgage for approved purchase costs.

Freddie Mac affordable conventional mortgage with income limits, low-down-payment options, and flexible eligible funding sources.

Fannie Mae affordable conventional mortgage with income limits, low-down-payment options, and flexible eligible funding sources.

Undisclosed subordinate mortgage or repayment agreement that conceals the true purchase financing from the first lender.

Fixed-rate mortgage with principal and interest scheduled for repayment over 10 years.

Hybrid mortgage with a ten-year fixed rate followed by annual adjustment opportunities.

Hybrid mortgage with a ten-year fixed rate followed by six-month adjustment opportunities.

Fixed-rate mortgage with principal and interest scheduled for repayment over 15 years.

Fixed-rate mortgage with principal and interest scheduled for repayment over 20 years.

Hybrid mortgage with a three-year fixed rate followed by annual adjustment opportunities.

Fixed-rate mortgage with principal and interest scheduled for repayment over 30 years.

Hybrid mortgage with a five-year fixed rate followed by annual adjustment opportunities.

Hybrid mortgage with a five-year fixed rate followed by six-month adjustment opportunities.

Hybrid mortgage with a seven-year fixed rate followed by annual adjustment opportunities.

Hybrid mortgage with a seven-year fixed rate followed by six-month adjustment opportunities.

Mortgage requiring a large final payment before the balance would be fully repaid through regular installments.

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

Personal-property financing secured by a manufactured home rather than a mortgage on the home and land as real estate.

Conventional mortgage meeting applicable Fannie Mae or Freddie Mac eligibility and loan-size requirements.

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

Mortgage whose scheduled principal-and-interest payments are designed to reduce the balance to zero by maturity.

Short-term real-estate-secured loan emphasizing collateral value, project feasibility, and a credible repayment exit.

Conforming mortgage above the national baseline limit but within the higher limit for an eligible high-cost area.

Adjustable-rate mortgage with an opening fixed-rate phase followed by scheduled rate adjustments.

Mortgage permitting scheduled payments that cover interest but no principal for a defined period.

Lender-specific mortgage path for a borrower using an IRS Individual Taxpayer Identification Number instead of an SSN.

Mortgage whose original balance exceeds the conforming loan limit applicable to the property's location and unit count.

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

Financing for a manufactured home, structured either as a real-property mortgage or a personal-property loan.

Conventional mortgage that falls outside Fannie Mae or Freddie Mac purchase standards because of size or another eligibility issue.

Lender-specific mortgage for eligible medical professionals with specialized employment, debt, down-payment, or mortgage-insurance rules.

Mortgage originated for a lender to retain on its own balance sheet rather than sell promptly through a standard channel.

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.

A second mortgage originated with the first mortgage to help finance the same home purchase.

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

An assumable mortgage may let an approved new borrower take over the loan's unpaid balance, rate, and remaining repayment schedule.

A loan assumption is the approved process for a new borrower to take responsibility for an existing mortgage and its remaining terms.

Alternative-documentation mortgage that derives qualifying income from eligible bank-statement cash flow.

Financing that releases funds in stages to build a home before or alongside permanent mortgage financing.

Financing path that connects staged home-construction advances with the completed property's long-term mortgage.

Rental-property loan that bases a major part of qualification on property income relative to its debt obligation.

FHA-insured mortgage that combines an eligible property purchase or refinance with approved rehabilitation funds.

Consumer mortgage outside the Qualified Mortgage framework, often using specialized terms or income documentation.

Mortgage that combines property financing with lender-controlled funds for approved repairs or improvements.

Mortgage that is not insured or guaranteed through an FHA, VA, or USDA housing program.

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

Mortgage whose note rate remains unchanged for the full scheduled loan term.

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

Rural housing mortgage requiring an eligible property, household income, and primary-residence use.

Mortgage for an eligible borrower that uses a Department of Veterans Affairs guaranty.