When you apply for a mortgage, the lender will consider several factors to determine whether to approve your loan and what terms to offer. Some of these factors may be more important to some lenders than others.

For example, some lenders may only consider your equity in the property and your credit score, while others may only consider your income and credit score and allow you to finance the entire cost of the home.

There are different types of mortgage loans available, such as traditional FHA, VA, and conventional loans, as well as non-traditional loans (Non-QM). Each lender may have different policies and offer different products to meet the needs of a variety of borrowers.

The following are a variety of mortgage products that may be helpful for people in different market conditions.