Backed by the Federal Housing Administration, FHA loans are popular among first-time homebuyers. They often have more flexible qualification requirements and allow for a lower down payment.

These are traditional mortgages that conform to the guidelines set by government-sponsored enterprises like Fannie Mae and Freddie Mac. They typically offer a wide range of down payment options, allowing flexibility when purchasing your home.

Reverse mortgages are available to older homeowners and allow them to convert a portion of their home equity into loan proceeds. These loans can provide supplemental income for retirees.

Jumbo loans are used for higher-priced properties that exceed the conforming loan limits set by Fannie Mae and Freddie Mac. These loans typically have stricter qualification criteria and require a larger down payment.

ARMs have an interest rate that adjusts periodically after an initial fixed-rate period. They can be attractive to borrowers who plan to sell or refinance their home before the rate adjusts.

With a fixed-rate mortgage, the interest rate remains the same throughout the loan term, providing predictable monthly payments. They are available in various terms, such as 15 years or 30 years.

The U.S. Department of Agriculture offers USDA loans to encourage homeownership in rural areas. These loans are designed for low-to-moderate-income borrowers and provide no down payment options.

Refinancing allows homeowners to replace their existing mortgage with a new loan, often to secure a lower interest rate, change the loan term, or access equity in the property.

If clients are interested in purchasing properties for investment purposes, you can assist them with obtaining loans specifically designed for investment properties.