Conventional loans are mortgages that are not covered by any government program of insurance or guarantee.  These loans typically have a standardized set of underwriting guidelines for loan amounts up to $417.000.  These loans can carry either fixed or adjustable rates.  Down payment requirements may be as little as 3%, with mortgage insurance generally required for loans with less than 20% down. 

FHA loans are ideal for first-time home buyers and those low-to-moderate income borrowers.  Loans are insured by the Federal Housing Administrations.  Down payments may be as little as 3%. 

With a Bi-Weekly Mortgage, you make a mortgage payment every 14 days, instead of once a month.  This allows you to pay off your mortgage sooner, saving thousands of dollars in interest over the life of the mortgage.

With the cost of home ownership increasing, the 40 year mortgage has become a viable option for buyers who wish to purchase as much house as possible, while still maintaining reasonable payments.