{"id":52681,"date":"2024-02-23T23:04:24","date_gmt":"2024-02-24T07:04:24","guid":{"rendered":"https:\/\/movoto.com\/blog\/?p=52681"},"modified":"2024-10-10T06:08:00","modified_gmt":"2024-10-10T13:08:00","slug":"8-different-types-of-home-loans","status":"publish","type":"post","link":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/","title":{"rendered":"What Types Of Mortgage Loans Are There?"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">Which type of home loan is easiest to qualify for? Which is best for your financial circumstances? Lenders consider many factors in the loan pre-approval process. Ultimately it comes down to your credit worthiness, income, finances, and the types of properties you&#8217;re considering.\u00a0<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">#1 Conventional Loans<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Conventional mortgages are home loans from lenders that aren&#8217;t insured or guaranteed by the U.S. government. The lender takes all the risk. That&#8217;s why credit scores and <a href=\"https:\/\/www.movoto.com\/blog\/the-basics-how-much-home-can-i-afford\/\">income requirements<\/a> are often higher compared to government-backed loans. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">Conventional loans are offered by banks, mortgage companies, credit unions, and online lenders. Typically this down payment is 10-20%, but borrowers can put down as little as 3-5%; the loan will have PMI unless 20% is put down. Use a<\/span> <a href=\"https:\/\/www.movoto.com\/mortgages\/calculator\/\"><span style=\"font-weight: 400;\">loan calculator<\/span><\/a> to<span style=\"font-weight: 400;\"> see how the down payment changes monthly payments.<\/span><\/p>\n<p>There are 3 main types of conventional loans:<\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"><strong>Conforming<\/strong>:<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">Most mortgages are conforming loans. This means they meet the guidelines set by Fannie Mae and Freddie Mac. With that requirement satisfied, conforming loans can be underwritten, funded, and sold to investors on the open market. The standard conforming loan amount on a single-family home for 2024 is $766,550.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"font-weight: 400;\"><strong>Jumbo Loans<\/strong>:<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">A jumbo loan is a type of non-conforming loan that&#8217;s used when a property&#8217;s price is too high to fit into a conventional loan. This means that the loan exceeds $766,550 for borrowers in most places in the United States. Due to their size and inability to be guaranteed by a government agency, lenders consider these loans riskier. These loans have higher <a href=\"https:\/\/www.movoto.com\/blog\/home-mortgages-what-is-a-debt-to-income-ratio\/\">debt-to-income<\/a> and other requirements as they are larger loans.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h2><span style=\"font-weight: 400;\">#2 Government Backed Loans<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Home financing options that were created through government programs are designed to make homeownership more affordable and realistic for more Americans. By guaranteeing loans, the government encourages lenders to approve &#8220;riskier&#8221; lenders.<\/span><\/p>\n<ol>\n<li><span style=\"font-weight: 400;\"><strong>FHA Loans<\/strong> (Federal Housing Administration)<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">These loans are ideal for borrowers with lower credit scores or limited savings. For borrowers who don&#8217;t have large down payments, FHA loans make it possible to be approved for a mortgage with just 3.5% (580 credit score) to 10% (500 credit score) down payment. Mortgage insurance is required on FHA loans regardless of the size of the down payment. Additionally, a home must undergo a special FHA home inspection\/appraisal and meet some basic FHA standards in order for the mortgage to be approved. Due to the extra stipulations, getting a seller to work with an FHA borrower sometimes takes extra negotiations.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"font-weight: 400;\"><strong>USDA Loans<\/strong> (United States Department of Department of Agriculture)<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">USDA loans are zero-down loans for borrowers purchasing homes in designated rural areas. Like FHA loans, they offer lower interest rates compared to conventional mortgages because government backing reduces risks for lenders. One perk that sets USDA loans aside from FHA loans is that mortgage insurance isn&#8217;t necessary.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><span style=\"font-weight: 400;\"><strong>VA Loans<\/strong> (Department of Veterans Affairs)<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">VA mortgages to help veterans, service members, and eligible surviving spouses purchase or build homes. In addition to being zero-down loans, VA loans also typically have lower interest rates and favorable terms. Like USDA loans, VA loans don&#8217;t require mortgage insurance even if you purchase a home without a down payment.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h2><span style=\"font-weight: 400;\">#3 Build &amp; Renovation Loans<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">If you&#8217;re building new construction or renovating an existing property, there are special types of mortgage loans to help you get the flexible financing you need.<\/span><\/p>\n<ol>\n<li><strong>Renovation Loans<\/strong>\n<ul>\n<li><span style=\"font-weight: 400;\">Renovation loans give homeowners funding to make changes that will either improve or restore a home. Generally, a renovation loan&#8217;s amount is based on the estimated value of a home after renovations are complete. Most borrowers lump a renovation loan with a mortgage to get the benefit of only making a single monthly payment. The loan options available to you will depend on your credit score, the location of the property, and the scope of the work that needs to be done.<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Types of mortgage loans for renovations include:<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">Fannie Mae options (Homestyle Renovation)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Freddie Mac options (CHOICERennovation loan, CHOICERennovation express)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">FHA options (Limited &amp; Standard 203k loans)<\/span><\/li>\n<li><span style=\"font-weight: 400;\">VA options<\/span><\/li>\n<li><span style=\"font-weight: 400;\">USDA options<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<li><strong>New Construction Loans<\/strong>\n<ul>\n<li><span style=\"font-weight: 400;\">Construction loans are short-term loans that borrowers use to fund building their new homes. Most construction loans are designed to be converted to mortgages after construction is complete. However, some borrowers prefer standalone construction loans that they intend to pay off early. Construction loans can be used to finance land, labor, building materials, and permits.<\/span><\/li>\n<li><span style=\"font-size: 1.21429rem;\">These loans come with stricter borrowing requirements and higher interest rates. Home finance options for new constructions include:<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">VA construction<\/span><\/li>\n<li><span style=\"font-weight: 400;\">FHA construction<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Conventional construction<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h2><span style=\"font-weight: 400;\">#4 Alternative Payment Loans<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Here&#8217;s a look at some unconventional options for financing a home that can be a creative alternative for select borrowers.<\/span><\/p>\n<ol>\n<li><strong>Balloon<\/strong>\n<ul>\n<li><span style=\"font-weight: 400;\">Balloon mortgages are non-qualifying loans (non-QM loans) that give lenders more freedom about terms. However, there&#8217;s less borrower protection. Borrowers who take out balloon mortgages make either no payments or small payments for a set period of time before a large balloon payment is due at the end of the loan term. A typical balloon mortgage might last five to seven years. While borrowers enjoy an easier payment period at first, this can be a risky choice because some borrowers may struggle with the large payment needed to satisfy the loan at the end of its term.<\/span><\/li>\n<\/ul>\n<\/li>\n<li><strong>Interest-only<\/strong>\n<ul>\n<li><span style=\"font-weight: 400;\">An interest-only mortgage has scheduled payments that require the borrower to only pay the interest owed for a set period. Monthly mortgage payments will be much higher compared to interest-only payments once they kick in. A risk that comes with an interest-only loan is that there&#8217;s no guarantee that you&#8217;ll be able to refinance.Once the interest-only period is over, the borrower may choose to:<\/span>\n<ul>\n<li><span style=\"font-weight: 400;\">Pay off the full balance<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Refinance the mortgage<\/span><\/li>\n<li><span style=\"font-weight: 400;\">Begin to pay off the balance using monthly payment<\/span><\/li>\n<\/ul>\n<\/li>\n<li>Piggyback\n<ul>\n<li><span style=\"font-weight: 400;\">A piggyback mortgage is a second mortgage in the form of a home equity loan or home equity line of credit (HELOC). Piggyback mortgages originate at the same time as a home&#8217;s main mortgage. The function is that a piggyback loan allows a borrower with low savings for a down payment to qualify for a smaller primary mortgage without paying PMI. Piggyback mortgages are uncommon. They also typically come with higher interest rates that are adjustable.<\/span><\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<\/li>\n<\/ol>\n<h2><span style=\"font-weight: 400;\">Loan Terms<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">The two main types of mortgage <a href=\"https:\/\/www.movoto.com\/blog\/different-mortgage-loan-terms-mean\/\">loan terms<\/a> are 30-year and 15-year loans. Most borrowers prefer 30-year loans for their smaller monthly payments. However, 15-year loans generally offer lower interest rates. Someone with a big down payment or funds from a previous home sale that they can put toward the new home may prefer a 15-year loan if they&#8217;re trying to pay a home off before retirement.<\/span><\/p>\n<h2><span style=\"font-weight: 400;\">Loan Interest Rates<\/span><\/h2>\n<p><span style=\"font-weight: 400;\">Finally, we get to fixed-rate mortgages vs. adjustable-rate mortgages (ARMs). With a fixed-rate loan, a borrower will pay the same interest rate for the life of the loan unless they decide to refinance at some point. This allows them to have predictable monthly mortgage payments that never change.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">An ARM has a variable interest rate that adjusts over time with the market. Most ARMs come with a low introductory rate that can be desirable for someone who only plans to stay in a home for a short period of time. It&#8217;s important to carefully read over closing disclosure documents to make sure you understand when rate adjustments will happen.<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Which type of home loan is easiest to qualify for? Which is best for your financial circumstances? Lenders consider many factors in the loan pre-approval process. Ultimately it comes down to your credit worthiness, income, finances, and the types of properties you&#8217;re considering.\u00a0 #1 Conventional Loans Conventional mortgages are home loans from lenders that aren&#8217;t insured or guaranteed by the U.S. government. The lender takes all the risk. That&#8217;s why credit scores and income requirements are often higher compared to government-backed loans. Conventional loans are offered by banks, mortgage companies, credit unions, and online lenders. Typically this down payment is [&hellip;]<\/p>\n","protected":false},"author":22,"featured_media":50517,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"class_list":["post-52681","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","post--single"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.1.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The 4 Main Mortgage Loan Types: Find Which Is Best For You<\/title>\n<meta name=\"description\" content=\"Discover the different types of mortgage loans available to borrowers based on their down payment, credit score, mortgage amount, home type, and other factors.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The 4 Main Mortgage Loan Types: Find Which Is Best For You\" \/>\n<meta property=\"og:description\" content=\"Discover the different types of mortgage loans available to borrowers based on their down payment, credit score, mortgage amount, home type, and other factors.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/\" \/>\n<meta property=\"og:site_name\" content=\"Movoto Blog\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/MovotoRealEstate\/\" \/>\n<meta property=\"article:published_time\" content=\"2024-02-24T07:04:24+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-10-10T13:08:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"300\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Jerimiah Taylor\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@movoto\" \/>\n<meta name=\"twitter:site\" content=\"@movoto\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Jerimiah Taylor\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"6 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/\"},\"author\":{\"name\":\"Jerimiah Taylor\",\"@id\":\"https:\/\/www.movoto.com\/blog\/#\/schema\/person\/4de04c244ca32a5e3ae378d40f3f6c92\"},\"headline\":\"What Types Of Mortgage Loans Are There?\",\"datePublished\":\"2024-02-24T07:04:24+00:00\",\"dateModified\":\"2024-10-10T13:08:00+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/\"},\"wordCount\":1224,\"publisher\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/#organization\"},\"image\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg\",\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/\",\"url\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/\",\"name\":\"The 4 Main Mortgage Loan Types: Find Which Is Best For You\",\"isPartOf\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg\",\"datePublished\":\"2024-02-24T07:04:24+00:00\",\"dateModified\":\"2024-10-10T13:08:00+00:00\",\"description\":\"Discover the different types of mortgage loans available to borrowers based on their down payment, credit score, mortgage amount, home type, and other factors.\",\"breadcrumb\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#primaryimage\",\"url\":\"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg\",\"contentUrl\":\"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg\",\"width\":600,\"height\":300,\"caption\":\"How To Calculate Loan-To-Value: Why It Matters For Home Buyers - Movoto Real Estate\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.movoto.com\/blog\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"What Types Of Mortgage Loans Are There?\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.movoto.com\/blog\/#website\",\"url\":\"https:\/\/www.movoto.com\/blog\/\",\"name\":\"Movoto Blog\",\"description\":\"Jump-start your real estate journey with expert guidance\",\"publisher\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.movoto.com\/blog\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/www.movoto.com\/blog\/#organization\",\"name\":\"Movoto by OJO\",\"url\":\"https:\/\/www.movoto.com\/blog\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.movoto.com\/blog\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/movoto.kinsta.cloud\/wp-content\/uploads\/2022\/04\/movoto-by-ojo-blog.png\",\"contentUrl\":\"https:\/\/movoto.kinsta.cloud\/wp-content\/uploads\/2022\/04\/movoto-by-ojo-blog.png\",\"width\":220,\"height\":100,\"caption\":\"Movoto by OJO\"},\"image\":{\"@id\":\"https:\/\/www.movoto.com\/blog\/#\/schema\/logo\/image\/\"},\"sameAs\":[\"https:\/\/www.facebook.com\/MovotoRealEstate\/\",\"https:\/\/x.com\/movoto\",\"https:\/\/www.instagram.com\/movotorealestate\/\",\"https:\/\/www.linkedin.com\/company\/movoto\",\"https:\/\/www.pinterest.com\/movoto\/\",\"https:\/\/www.youtube.com\/user\/movotorealestate\"]},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.movoto.com\/blog\/#\/schema\/person\/4de04c244ca32a5e3ae378d40f3f6c92\",\"name\":\"Jerimiah Taylor\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.movoto.com\/blog\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/d3692d87c6f9087bd91973d9f612753dcec47f98dd948b1aaaca3843c2a00abe?s=96&d=monsterid&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/d3692d87c6f9087bd91973d9f612753dcec47f98dd948b1aaaca3843c2a00abe?s=96&d=monsterid&r=g\",\"caption\":\"Jerimiah Taylor\"},\"description\":\"Jerimiah joined Movoto in 2019 as the VP of Real Estate &amp; Mortgage Services. He now serves as our Chief Real Estate Officer and oversees strategy on how Movoto can best serve the real estate needs of our millions of monthly consumers. Jerimiah has been instrumental in leading the North American real estate enterprise for Movoto products and platforms.\",\"sameAs\":[\"https:\/\/www.movoto.com\",\"https:\/\/www.linkedin.com\/in\/jtaylorrealtor\/\",\"https:\/\/www.youtube.com\/@jerimiahtaylor\"],\"url\":\"https:\/\/www.movoto.com\/blog\/author\/jerimiah-taylor\/\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"The 4 Main Mortgage Loan Types: Find Which Is Best For You","description":"Discover the different types of mortgage loans available to borrowers based on their down payment, credit score, mortgage amount, home type, and other factors.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/","og_locale":"en_US","og_type":"article","og_title":"The 4 Main Mortgage Loan Types: Find Which Is Best For You","og_description":"Discover the different types of mortgage loans available to borrowers based on their down payment, credit score, mortgage amount, home type, and other factors.","og_url":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/","og_site_name":"Movoto Blog","article_publisher":"https:\/\/www.facebook.com\/MovotoRealEstate\/","article_published_time":"2024-02-24T07:04:24+00:00","article_modified_time":"2024-10-10T13:08:00+00:00","og_image":[{"width":600,"height":300,"url":"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg","type":"image\/jpeg"}],"author":"Jerimiah Taylor","twitter_card":"summary_large_image","twitter_creator":"@movoto","twitter_site":"@movoto","twitter_misc":{"Written by":"Jerimiah Taylor","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#article","isPartOf":{"@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/"},"author":{"name":"Jerimiah Taylor","@id":"https:\/\/www.movoto.com\/blog\/#\/schema\/person\/4de04c244ca32a5e3ae378d40f3f6c92"},"headline":"What Types Of Mortgage Loans Are There?","datePublished":"2024-02-24T07:04:24+00:00","dateModified":"2024-10-10T13:08:00+00:00","mainEntityOfPage":{"@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/"},"wordCount":1224,"publisher":{"@id":"https:\/\/www.movoto.com\/blog\/#organization"},"image":{"@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg","articleSection":["Real Estate"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/","url":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/","name":"The 4 Main Mortgage Loan Types: Find Which Is Best For You","isPartOf":{"@id":"https:\/\/www.movoto.com\/blog\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#primaryimage"},"image":{"@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#primaryimage"},"thumbnailUrl":"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg","datePublished":"2024-02-24T07:04:24+00:00","dateModified":"2024-10-10T13:08:00+00:00","description":"Discover the different types of mortgage loans available to borrowers based on their down payment, credit score, mortgage amount, home type, and other factors.","breadcrumb":{"@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#primaryimage","url":"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg","contentUrl":"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg","width":600,"height":300,"caption":"How To Calculate Loan-To-Value: Why It Matters For Home Buyers - Movoto Real Estate"},{"@type":"BreadcrumbList","@id":"https:\/\/www.movoto.com\/blog\/8-different-types-of-home-loans\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.movoto.com\/blog\/"},{"@type":"ListItem","position":2,"name":"What Types Of Mortgage Loans Are There?"}]},{"@type":"WebSite","@id":"https:\/\/www.movoto.com\/blog\/#website","url":"https:\/\/www.movoto.com\/blog\/","name":"Movoto Blog","description":"Jump-start your real estate journey with expert guidance","publisher":{"@id":"https:\/\/www.movoto.com\/blog\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.movoto.com\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.movoto.com\/blog\/#organization","name":"Movoto by OJO","url":"https:\/\/www.movoto.com\/blog\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.movoto.com\/blog\/#\/schema\/logo\/image\/","url":"https:\/\/movoto.kinsta.cloud\/wp-content\/uploads\/2022\/04\/movoto-by-ojo-blog.png","contentUrl":"https:\/\/movoto.kinsta.cloud\/wp-content\/uploads\/2022\/04\/movoto-by-ojo-blog.png","width":220,"height":100,"caption":"Movoto by OJO"},"image":{"@id":"https:\/\/www.movoto.com\/blog\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/MovotoRealEstate\/","https:\/\/x.com\/movoto","https:\/\/www.instagram.com\/movotorealestate\/","https:\/\/www.linkedin.com\/company\/movoto","https:\/\/www.pinterest.com\/movoto\/","https:\/\/www.youtube.com\/user\/movotorealestate"]},{"@type":"Person","@id":"https:\/\/www.movoto.com\/blog\/#\/schema\/person\/4de04c244ca32a5e3ae378d40f3f6c92","name":"Jerimiah Taylor","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.movoto.com\/blog\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/d3692d87c6f9087bd91973d9f612753dcec47f98dd948b1aaaca3843c2a00abe?s=96&d=monsterid&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/d3692d87c6f9087bd91973d9f612753dcec47f98dd948b1aaaca3843c2a00abe?s=96&d=monsterid&r=g","caption":"Jerimiah Taylor"},"description":"Jerimiah joined Movoto in 2019 as the VP of Real Estate &amp; Mortgage Services. He now serves as our Chief Real Estate Officer and oversees strategy on how Movoto can best serve the real estate needs of our millions of monthly consumers. Jerimiah has been instrumental in leading the North American real estate enterprise for Movoto products and platforms.","sameAs":["https:\/\/www.movoto.com","https:\/\/www.linkedin.com\/in\/jtaylorrealtor\/","https:\/\/www.youtube.com\/@jerimiahtaylor"],"url":"https:\/\/www.movoto.com\/blog\/author\/jerimiah-taylor\/"}]}},"featured_media_src_url":"https:\/\/www.movoto.com\/blog\/wp-content\/uploads\/2013\/04\/blog-loan-to-value2.jpg","_links":{"self":[{"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/posts\/52681","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/users\/22"}],"replies":[{"embeddable":true,"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/comments?post=52681"}],"version-history":[{"count":3,"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/posts\/52681\/revisions"}],"predecessor-version":[{"id":53064,"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/posts\/52681\/revisions\/53064"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/media\/50517"}],"wp:attachment":[{"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/media?parent=52681"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/categories?post=52681"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.movoto.com\/blog\/wp-json\/wp\/v2\/tags?post=52681"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}