Types of Small Home Loans

Types of Small Home Loans

1. Conventional Small Mortgages – Traditional bank loans for lower-priced homes, often requiring a good credit score.

2. FHA Loans – Government-backed loans that allow small home purchases with lower down payments and flexible credit requirements.

3. USDA Loans – For eligible rural homebuyers, offering zero down payment and competitive rates.

4. VA Loans – Available for military members and veterans, often with no down payment and favorable terms.

5. Personal Loans for Home Purchase – Unsecured loans used for tiny homes, cabins, or unconventional housing.