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Loan Types

There is no single "best" mortgage — only the loan that fits your goals, credit, and down payment. This hub breaks down FHA, VA, USDA, conventional, jumbo, DSCR, bridge, construction, and renovation loans so you can compare options with confidence and see which programs you may qualify for.

All Loan Types articles & guides

2 min read·Loan Types

USDA vs FHA: Which Is Actually Cheaper?

For buyers who qualify for both, USDA is usually the cheaper loan over time: zero down, a lower upfront fee, and a lower annual fee. FHA wins on flexibility.

2 min read·Loan Types

What Credit Score Do You Need for a USDA Loan?

USDA itself sets no minimum credit score, but most lenders require 640 for automated approval. Scores below 640 route to manual underwriting, which is stricter but still possible.

2 min read·Loan Types

USDA Guarantee Fees Explained: The 1% and 0.35% That Replace PMI

USDA loans don't have PMI, but they have two guarantee fees that function similarly: a 1% upfront fee and a 0.35% annual fee — both cheaper than FHA's mortgage insurance.

2 min read·Loan Types

What Is a DSCR Loan? How Investors Qualify Without Tax Returns

A DSCR loan is a mortgage for real estate investors that qualifies you based on the property's rental income, not your personal income — no tax returns, no W-2s, no personal DTI.

2 min read·Loan Types

What DSCR Ratio Do You Need? (And How to Improve It)

Most DSCR lenders want a ratio of 1.0 or higher, meaning the property's rent covers its full mortgage payment. The higher your ratio, the better your rate and terms.

2 min read·Loan Types

Can You Use an LLC for a DSCR Loan?

Yes — you can typically close a DSCR loan in the name of an LLC, keeping the property separate from your personal name for liability and portfolio-management purposes.

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