Most mortgages fall into two main categories based on whether or not they are insured by the federal government. 5 types of home loans - Rocket Mortgage

Understanding Home Loan Options: A Comprehensive Guide Selecting a mortgage is one of the most critical financial decisions in the home-buying process. Home loans are generally categorized by their (who insures the loan), their interest rate structure (fixed vs. adjustable), and their size (conforming vs. jumbo). I. Primary Loan Categories