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USDA loans are designed for rural homebuyers with moderate to low incomes. Eligibility depends on factors like location, income, and household size. Check with a lender to see if you qualify.

VA loans, available to eligible veterans, active-duty service members, and some surviving spouses, often require no down payment and have competitive interest rates. They also typically don't require private mortgage insurance (PMI).

Yes, you can qualify for a conventional loan with a down payment as low as 3% to 5%, depending on the lender's requirements. However, you may need to pay private mortgage insurance (PMI) if your down payment is less than 20%

The minimum credit score for an FHA loan is typically 580. However, some lenders may require a higher score. FHA loans are known for accommodating borrowers with less-than-perfect credit.

A non-QM (non-qualified mortgage) loan doesn't meet the Consumer Financial Protection Bureau's (CFPB) standards for qualified mortgages. These loans are often used by self-employed individuals, investors, or borrowers with unique financial situations.

The frequency of rate adjustments on an ARM depends on the loan terms. Typically, the rate adjusts annually after an initial fixed period, but some ARMs adjust every six months or even monthly.

FHA loan limits vary by location and are set annually by the Department of Housing and Urban Development (HUD). In high-cost areas, the maximum FHA loan amount can be significantly higher than in standard areas.