Types of Mortgages The Complete List of Options

Fixed-Rate Mortgages 

Offers a fixed interest rate for the life of the loan.

1

Adjustable-Rate Mortgages 

Interest rate fluctuates based on market conditions.

2

FHA Loans

Backed by the Federal Housing Administration, designed for low-to-moderate income borrowers.

3

VA Loans 

Backed by the Department of Veterans Affairs, designed for eligible military service members and veterans.

4

Reverse Mortgages 

Allows homeowners over 62 years old to borrow against their home equity.

5

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