A home loan insured by the Federal Housing Administration. FHA loans are backed by the government and designed to help borrowers of more modest means buy a home. A great option for first time homebuyers.
A Jumbo Mortgage, or Jumbo Loan, consists of a home loan whose amount exceeds conforming loan limits imposed by Fannie Mae and Freddie Mac, the government-sponsored enterprises that buy mortgages from lenders
A DSCR loan is a type of non-QM loan basically meant for real estate investors. Lenders can use a DSCR to help qualify real estate investors for a loan easier because it can easily determine the borrower's ability to repay without verifying income!