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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

3 min read·Loan Types

How does a profit-and-loss-only loan work for business owners?

A profit-and-loss-only loan qualifies self-employed borrowers on a P&L statement prepared by a licensed tax professional, using the net income of the business instead of tax returns, W-2s, or bank statements, on the condition that the preparer is a CPA, enrolled agent, or licensed tax preparer and not the borrower.

3 min read·Loan Types

Can I buy a house after a recent late payment, collection, or charge-off?

Yes, you can often buy a home soon after a late payment, a collection, or a charge-off, as long as the rest of your file is strong and you can explain the event, because none of these carry a fixed waiting period the way a bankruptcy or foreclosure does.

4 min read·Loan Types

Can I get approved through manual underwriting when the AUS says no?

Yes, manual underwriting is a real second path to approval when the automated system returns a refer or a denial, on the condition that you have compensating factors strong enough to offset whatever the software flagged.

10 min read·Loan Types

USDA Loan Requirements Explained

To qualify for a USDA loan you need to buy in a USDA-eligible area and keep total household income at or below 115% of your county median. Here is how the location rule, the 2026 income limits, credit, DTI, and costs actually work on one of the last true zero-down loans.

7 min read·Loan Types

How Much Down Payment Do You Need for a Conventional Loan?

The 20% rule is a myth. On a conventional loan you can put down as little as 3% as a first-time buyer or 5% otherwise, with 5% required on high-balance loans. Here is how to find your real down payment number.

7 min read·Loan Types

FHA vs Conventional Loans in 2026: Which One Actually Fits Your Situation?

The right mortgage depends on your credit, your down payment, and how long you plan to keep the loan. Here is a clear breakdown of how FHA and conventional loans actually compare in 2026 so you can make a confident call.

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