Types of Mortgage Loans

Today there are a wide variety of different financing options available to homebuyers, from 30-year and 15-year conventional mortgages to VA, FHA and USDA loans. Some buyers may qualify for assistance. Your customers count on you to help them determine the type of financing that's best for their needs. Factors that can influence this decision include the customer's age, previous homeowner status, income and financial resources, and how long they plan to stay in the home.