Choose the program
Conventional mortgages are not government-insured. FHA, VA and USDA programs have distinct government backing and eligibility criteria. Compare the program alongside your income documentation, property and available funds.
Choose the structure
A fixed rate stays the same through the loan term. An adjustable rate can change according to the loan’s terms. Compare the initial payment, possible adjustments and how long you plan to keep the property.
Bring the pieces together
Review the repayment term, total costs and monthly budget with IIMBC. Your Loan Wizard Blueprint gives that conversation a practical starting point.
Research: CFPB, Understanding loan options. Reviewed October 19, 2026.