Download Case Study: Types of Mortgages

  • May 25, 2017

Types of Mortgages

Every borrower has a unique financial profile with different needs. To facilitate the American dream of homeownership, there are numerous loan programs and types of mortgages available. A qualified lender will match their borrower with the best loan to achieve their financial goals.

Some of the most common types of mortgage financing include:

  1. Conventional Mortgage Loan – good for borrowers with excellent credit scores, low debt-to-income ratio, and substantive assets and savings.
  2. FHA Mortgage Loan – option for first-time homebuyers, and moderate income borrowers.
  3. VA Loan Mortgage – best for Veterans, surviving spouses, and active duty military.
  4. USDA Loan – designed for homes in designated rural areas

Review what loans are best suited for various borrower profiles and compare the benefits of each type of loan. Download this case study for an in-depth look at the credit requirements for popular types of mortgage financing.

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Christopher Terry
Loan Officer
NMLS # 1166673
Branch NMLS # 1711540

Christopher Terry

PHONE: (916) 412-7528

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© CMG Financial, All Rights Reserved. CMG Financial is a registered trade name of CMG Mortgage, Inc., NMLS ID #1820 in most, but not all states. CMG Mortgage, Inc. is an equal opportunity lender with corporate office located at 3160 Crow Canyon Road, Suite 400, San Ramon, CA 94583 888-264-4663. Licensed by the Department of Business Oversight under the California Residential Mortgage Lending Act No. 4150025; AK #AK1820; AZ #0903132; Colorado regulated by the Division of Real Estate; Georgia Residential Mortgage Licensee #15438; Illinois Residential Mortgage Licensee; Kansas Licensed Mortgage Company #MC.0001160; Massachusetts Mortgage Lender License #MC1820 and Mortgage Broker License #MC1820; Mississippi Licensed Mortgage Company Licensed by the Mississippi Department of Banking and Consumer Finance; Licensed by the New Hampshire Banking Department; Licensed by the NJ Department of Banking and Insurance; Licensed Mortgage Banker – NYS Department of Financial Services; Ohio Mortgage Broker Act Mortgage Banker Exemption #MBMB.850204.000; Licensed by the Oregon Division of Financial Regulation #ML-3000; Rhode Island Licensed Lender #20142986LL; and Licensed by the Virginia State Corporation Commission #MC-5521. CMG Mortgage, Inc. is licensed in all 50 states and the District of Columbia. Offer of credit is subject to credit approval. For information about our company, please visit us at www.cmgfi.com. To verify our complete list of state licenses, please visit www.cmgfi.com/corporate/licensing and NMLS Consumer Access (www.nmlsconsumeraccess.org).