There are different types of loans to choose from. A conventional home loan is tougher to qualify for credit-wise, but an FHA loan can be more costly.

The type of home loan you choose also depends on how much you plan to put down on a purchase, what your credit score is, what your debt-to-income ratio is, and how close the balance of the loan will be in relation to the value of the home in a refinance.
Was this article helpful?
Cancel
Thank you!