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 monthly payment.

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

 

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