FHA Loan: A Federal Housing Administration (FHA) loan is a mortgage issued by an FHA-approved lender and insured by the FHA.
VA Loan: A Veteran Affairs (VA) loan allows for a $0 down option for service members, veterans, and select military spouses.
Conventional: Conventional mortgages are backed by a private bank.
Private Loan/ Hard Money: A hard money loan is a non-conforming loan for commercial, investment, OR homestead properties, that doesn’t come from traditional lenders, but rather people or private companies that accept property or an asset as collateral. Low credit is sometimes acceptable with these types of loans.