A United States Department of Agriculture (USDA) loan refers to a government loan for home buyers to purchase homes in rural or low-population areas.

A Federal Housing Administration (FHA) loan is a low down payment option that’s ideal for borrowers who may not otherwise qualify for a mortgage or borrowers with less-than-perfect credit. Features of the loan include a fixed or adjustable rate, limited…

The U.S. government offers different types of loan to those who qualify.  Loans from the U.S. Department of Veterans Affairs (VA) are available to qualified members of the armed services and typically have more favorable interest rates and conditions.

It’s important to remember that since a home equity loan uses your home as collateral, failure to make loan payments means you could lose your home to foreclosure. Also, depending on the lender, you could pay application fees, appraisal fees,…

A home equity loan typically features lower and fixed interest rates, and it’s typically easier to qualify. Your monthly payments will also be more affordable, and your taxable income will be lower.

A home equity line of credit is similar to a second mortgage, which enables you to access the loaned funds at any time you choose, instead of all at once. You should think about a HELOC if you need money…