- 1Up 2Down 1
30-Year FixedThis is the granddaddy of them of all, the undisputed champion of mortgage loan programs. It's the go-to for all types of borrowers, risk-averse or not. Because it has a 30-year term and is fixed for the entire duration, it's the easiest mortgage type to wrap one's head around.
- 2Up 1Down 0
7/1 ARMLast on our short list of popular mortgage programs is the 7/1 ARM, which although popular, isn't as common as the other ARMs mentioned. The beauty of the 7/1 ARM is that you get a fixed rate for an entire seven years before you have to worry about adjustments, but it may be priced higher for that advantage.
- 3Up 1Down 1
5/1 ARMThis is the most popular adjustable-rate mortgage out there, which is actually a hybrid. It's fixed for the first five years of the 30-year term, then adjusts annually for the remaining 25.
- 4Up 0Down 0
15-Year FixedAlthough the term is only half as long as the 30-year, it's still fixed, making it a strong choice for those who want to pay their mortage off faster (and with less interest). Just expect a higher monthly mortgage payment!
- 5Up 2Down 3
3/1 ARMSimilar to the 5/1 ARM, this loan program is fixed for the first three years, and adjustable for the remaining 27. It should price lower to compensate for the shorter fixed period.
today on Ranker
start a list with results
close sorting window
use the search box to filter your list