Harold McCray

FHA loans have flexible qualification requirements, low down payment options and very low rates, making them a great option for first-time buyers.

VA loans are available exclusively to US veterans and active-duty personnel. They offer low rates and flexible qualifying requirements.

This is one of the most popular loan options for a reason. The longer 30-year term means lower, fixed monthly payments.

This is one of the most popular loan options for a reason. The longer 30-year term means lower, fixed monthly payments.