Mortgage Loan Types Chart - Use this chart to sort loan types by the listed criteria. Clicking on the blue link will sort the list by that category. Click on the loan type name to get more information.

The list below is sorted by speed of what each loan type is "best for.".

a

 
Loan Type
Interest Rate
Total Interest Paid
Monthly Payment
Speed of Building Equity
Best For
What You Need To Qualify
Interest Only Loans
Low
Low
High
Fast
First Time Buyers
Standard
VA Loans
Low
Low
High
Fast
First Time Buyers
Military Service
FHA Loans
Low
High
Low
Slow
First Time Buyers
All Documents
Adjustable Rate Mortgage
High - Varies
High
Low - Varies
Slow
First Time Buyers
Standard
Stated Income Loans
High - Varies
High
Medium
Medium
Investment Properties
Nearly Nothing
Fixed Rate Mortgage
High - Varies
High
High - Varies
Slow
Investment Properties
High Down Payment
Full Document Loans
Medium
High
Low
Fast
Large Properties
All Documents
Super Jumbo Loans
High
High
Low - Varies
Medium
Large Properties
All Documents
Jumbo Loans
Low
Low
High
Slow
Large Properties
All Documents
No Doc
Medium
High
High
Fast
Refinancing
Nearly Nothing
HELOC
High
Low
High - Varies
Fast
Refinancing
Own Home 10+ Years
Reverse Mortgage
High
High
Low - Varies
Medium
Refinancing
Own Home 10+ Years
Conforming Loans
Low
Low
High
Medium
Second Homes
High Down Payment

 

Equal Housing Lender Home | Mortgage Learning Center | Apply Now | Contact Us | Privacy | Sitemap Click to verify BBB accreditation and to see a BBB report

Copyright © 1997 - , Directors Mortgage Inc

Interest Only Loan | VA Loan | FHA Loan | Adjustable Rate Mortgage