Traditional loan programs that usually require 5% down and offer competitive interest rates. Documentation and fair-to-good credit are necessary.

Available for homeowners over 62 years old. Offers a way to take out equity on your home and NOT have to pay a monthy payment. Homeowner will continue to be responsible for paying taxes and insurance on property. The loan is repaid after the home is sold, dies, or no longer maintains the home as the primary residence. Helps to incerase the quality of life in the senior years.

Backed by the Veterans Administration and the federal government, it is similar to FHA except that you have to be a qualified Veteran or military person.