Mortgage options are tools — not labels.
The right mortgage depends on your goals, property, documentation and the rules that apply when you actually apply.
Mortgage King’s public site can help you understand the major categories, but a Mortgage King Loan Expert and the actual underwriting process determine which options are available to you.
Conventional
Conventional mortgages are not insured by FHA or guaranteed by VA/USDA. They can work for a wide range of purchase and refinance scenarios and may offer low-down-payment options for eligible borrowers.
HomeReady / Home Possible / HomeOne
These are conventional low-down-payment options with specific eligibility rules. Income limits, first-time-homebuyer rules, property requirements and automated underwriting can matter. Mortgage King’s public tools do not independently verify final eligibility.
FHA
FHA-insured mortgages can offer flexible qualifying features and lower down-payment possibilities for eligible borrowers. FHA mortgage insurance and property requirements apply.
VA
VA-guaranteed mortgages may offer powerful benefits for eligible veterans, service members and certain surviving spouses, including possible zero-down financing. Eligibility and entitlement must be verified.
USDA
USDA mortgages may offer zero-down financing for eligible borrowers and eligible properties in qualifying areas. Income and property-location rules apply.
Jumbo
Jumbo mortgages are generally used when the loan amount exceeds applicable conforming limits. Requirements vary by lender and scenario.
Down Payment Assistance
State, local, nonprofit and lender-supported assistance programs can help eligible borrowers with down payment or closing costs. Program availability and requirements vary.
Investment / DSCR
Investment-property financing can use different qualifying approaches, including programs that place more emphasis on property cash flow. Terms and requirements vary significantly.
Construction / Renovation
Construction and renovation financing can combine acquisition and improvement/build costs under specialized structures. These loans typically require additional property, contractor and project review.