{"id":920,"date":"2024-08-25T21:45:08","date_gmt":"2024-08-25T21:45:08","guid":{"rendered":"https:\/\/mortgagebyspeedy.com\/?page_id=920"},"modified":"2025-10-26T16:39:30","modified_gmt":"2025-10-26T16:39:30","slug":"types-of-mortgage-loans","status":"publish","type":"page","link":"https:\/\/mortgagebyspeedy.com\/index.php\/types-of-mortgage-loans\/","title":{"rendered":"Types of Mortgage Loans"},"content":{"rendered":"\n<div class=\"wp-block-cover alignfull wp-duotone-purple-green\" style=\"min-height:249px;aspect-ratio:unset;\"><img loading=\"lazy\" decoding=\"async\" width=\"1024\" height=\"1024\" class=\"wp-block-cover__image-background wp-image-936\" alt=\"\" src=\"https:\/\/mortgagebyspeedy.com\/wp-content\/uploads\/2024\/08\/cropped-mortgage-5266520_1280.png\" data-object-fit=\"cover\" srcset=\"https:\/\/mortgagebyspeedy.com\/wp-content\/uploads\/2024\/08\/cropped-mortgage-5266520_1280.png 1024w, https:\/\/mortgagebyspeedy.com\/wp-content\/uploads\/2024\/08\/cropped-mortgage-5266520_1280-300x300.png 300w, https:\/\/mortgagebyspeedy.com\/wp-content\/uploads\/2024\/08\/cropped-mortgage-5266520_1280-150x150.png 150w, https:\/\/mortgagebyspeedy.com\/wp-content\/uploads\/2024\/08\/cropped-mortgage-5266520_1280-768x768.png 768w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\" \/><span aria-hidden=\"true\" class=\"wp-block-cover__background has-background-dim\"><\/span><div class=\"wp-block-cover__inner-container is-layout-flow wp-block-cover-is-layout-flow\">\n<p class=\"has-text-align-center has-large-font-size\">SPEEDY MORTGAGE<\/p>\n\n\n\n<p class=\"has-text-align-center has-large-font-size\">Available Loans<\/p>\n<\/div><\/div>\n\n\n\n<!DOCTYPE html>\n<html lang=\"en\">\n<head>\n    <meta charset=\"UTF-8\">\n    <meta name=\"viewport\" content=\"width=device-width, initial-scale=1.0\">\n    <title>Types of Mortgage Loans<\/title>\n    <style>\n        body {\n            font-family: 'Arial', sans-serif;\n            font-size: 16px;\n            background-color: #f4f4f4;\n            margin: 20px;\n        }\n\n        .articles-wrapper {\n            display: flex;\n            flex-wrap: wrap;\n            justify-content: space-between;\n            gap: 20px;\n        }\n\n        .article-container {\n            background-color: #06d15e;\n            border: 1px solid gray;\n            border-radius: 8px;\n            box-shadow: 0 0 10px rgba(0, 0, 0, 0.1);\n            padding: 20px;\n            width: calc(33.333% - 20px); \/* Three columns per row with gap *\/\n            box-sizing: border-box;\n            cursor: pointer;\n            transition: transform 0.3s ease, box-shadow 0.3s ease;\n        }\n\n        @media (max-width: 1024px) {\n            .article-container {\n                width: calc(50% - 20px); \/* Two columns per row with gap *\/\n            }\n        }\n\n        @media (max-width: 768px) {\n            .article-container {\n                width: 100%; \/* Full width for small screens *\/\n            }\n        }\n\n        .article-container:hover {\n            transform: scale(1.05);\n            box-shadow: 0 15px 30px rgba(0, 0, 0, 0.2);\n        }\n\n        .article-container h2 {\n            color: white;\n            font-size: 18px;\n            margin: 0;\n            margin-bottom: 10px;\n            display: flex;\n            align-items: center;\n        }\n\n        .article-container h2::before {\n            content: ''; \/* Placeholder for icons *\/\n            margin-right: 10px;\n            font-size: 24px;\n        }\n\n        \/* Icons for each heading *\/\n        .article-container:nth-child(1) h2::before {\n            content: '\ud83c\udfe0'; \/* House icon for Fixed-Rate Mortgages *\/\n        }\n\n        .article-container:nth-child(2) h2::before {\n            content: '\ud83d\udd04'; \/* Rotating arrows icon for Adjustable-Rate Mortgages *\/\n        }\n\n        .article-container:nth-child(3) h2::before {\n            content: '\ud83c\udfdb\ufe0f'; \/* Bank icon for Government-Backed Loans *\/\n        }\n\n        .article-container:nth-child(4) h2::before {\n            content: '\ud83d\udcb0'; \/* Money bag icon for Jumbo Loans *\/\n        }\n\n        .article-container:nth-child(5) h2::before {\n            content: '\ud83c\udfe6'; \/* Credit card icon for Bank Statement Loans *\/\n        }\n\n        .article-container:nth-child(6) h2::before {\n            content: '\ud83c\udfe1'; \/* Construction icon for Conventional Mortgages *\/\n        }\n\n        .article-container:nth-child(7) h2::before {\n            content: '\ud83d\udea7'; \/* House with garden icon for Home Equity Loans *\/\n        }\n\n        .article-container:nth-child(8) h2::before {\n            content: '\ud83c\udfe1'; \/* House with garden icon for Home Equity Loans *\/\n        }\n\n        .modal {\n            display: none;\n            position: fixed;\n            z-index: 1000;\n            left: 0;\n            top: 0;\n            width: 100%;\n            height: 100%;\n            overflow: auto;\n            background-color: rgba(0, 0, 0, 0.5);\n            padding-top: 60px;\n        }\n\n        .modal-content {\n            background-color: #fff;\n            margin: 10% auto;\n            padding: 20px;\n            border: 1px solid #888;\n            width: 80%;\n            border-radius: 10px;\n            position: relative;\n        }\n\n        .close {\n            color: #aaa;\n            position: absolute;\n            top: 10px;\n            right: 20px;\n            font-size: 28px;\n            font-weight: bold;\n            cursor: pointer;\n        }\n\n        .close:hover,\n        .close:focus {\n            color: #000;\n            text-decoration: none;\n            cursor: pointer;\n        }\n\n        .contact-button {\n            background-color: #06d15e;\n            color: white;\n            border: none;\n            padding: 10px 20px;\n            font-size: 16px;\n            border-radius: 5px;\n            cursor: pointer;\n            text-align: center;\n            text-decoration: none;\n            display: inline-block;\n            margin-top: 10px;\n        }\n\n        .contact-button:hover {\n            background-color: dark green;\n        }\n\n        p {\n            color: black;\n            font-size: 16px;\n            margin-bottom: 10px;\n            line-height: 1.6;\n        }\n    <\/style>\n<\/head>\n<body>\n\n    <div class=\"articles-wrapper\">\n        <!-- Article 1 -->\n        <div class=\"article-container\" data-modal=\"modal1\">\n            <h2>Fixed-Rate Mortgages (FRMs)<\/h2>\n        <\/div>\n\n        <!-- Article 2 -->\n        <div class=\"article-container\" data-modal=\"modal2\">\n            <h2>Adjustable-Rate Mortgages (ARMs)<\/h2>\n        <\/div>\n\n        <!-- Article 3 -->\n        <div class=\"article-container\" data-modal=\"modal3\">\n            <h2>Government-Backed Loans<\/h2>\n        <\/div>\n\n        <!-- Article 4 -->\n        <div class=\"article-container\" data-modal=\"modal4\">\n            <h2>Jumbo Loans<\/h2>\n        <\/div>\n\n        <!-- Article 5 -->\n        <div class=\"article-container\" data-modal=\"modal5\">\n            <h2>Bank Statement Loans<\/h2>\n        <\/div>\n\n        <!-- Article 6 -->\n        <div class=\"article-container\" data-modal=\"modal6\">\n            <h2>Conventional Mortgages<\/h2>\n        <\/div>\n\n        <!-- Article 7 -->\n        <div class=\"article-container\" data-modal=\"modal7\">\n            <h2>Construction Loans<\/h2>\n        <\/div>\n\n        <!-- Article 8 -->\n        <div class=\"article-container\" data-modal=\"modal8\">\n            <h2>Home Equity Loans<\/h2>\n        <\/div>\n    <\/div>\n\n    <!-- Modals -->\n    <div id=\"modal1\" class=\"modal\">\n        <div class=\"modal-content\">\n            <span class=\"close\">&times;<\/span>\n            <h2>Fixed-Rate Mortgages (FRMs)<\/h2>\n            <p><strong>30-Year Fixed-Rate Mortgage:<\/strong> The most common type of mortgage. The interest rate and monthly payment remain the same for the entire 30-year term.<\/p>\n            <p><strong>15-Year Fixed-Rate Mortgage:<\/strong> Similar to the 30-year, but with a shorter term, resulting in higher monthly payments but less interest paid over the life of the loan.<\/p>\n            <a href=\"https:\/\/mortgagebyspeedy.com\/index.php\/mortgage-questionnaire\/\" class=\"contact-button\">Get Prequalified<\/a>\n        <\/div>\n    <\/div>\n\n    <div id=\"modal2\" class=\"modal\">\n        <div class=\"modal-content\">\n            <span class=\"close\">&times;<\/span>\n            <h2>Adjustable-Rate Mortgages (ARMs)<\/h2>\n            <p><strong>5\/1 ARM:<\/strong> The interest rate is fixed for the first five years, then adjusts annually based on the market. Often has lower initial rates than fixed-rate mortgages.<\/p>\n            <p><strong>7\/1 ARM:<\/strong> Similar to the 5\/1 ARM but with a seven-year fixed period before adjustments begin.<\/p>\n            <a href=\"https:\/\/mortgagebyspeedy.com\/index.php\/mortgage-questionnaire\/\" class=\"contact-button\">Get Prequalified<\/a>\n        <\/div>\n    <\/div>\n\n    <div id=\"modal3\" class=\"modal\">\n        <div class=\"modal-content\">\n            <span class=\"close\">&times;<\/span>\n            <h2>Government-Backed Loans<\/h2>\n            <p><strong>FHA Loans:<\/strong> Insured by the Federal Housing Administration, these loans are popular with first-time homebuyers and those with lower credit scores. They require a lower down payment.<\/p>\n            <p><strong>VA Loans:<\/strong> Available to veterans and active military members, these loans are backed by the Department of Veterans Affairs. They often require no down payment and offer competitive interest rates.<\/p>\n            <p><strong>USDA Loans:<\/strong> Offered by the U.S. Department of Agriculture, these loans are designed for rural and suburban homebuyers. They require no down payment and have lower interest rates.<\/p>\n            <a href=\"https:\/\/mortgagebyspeedy.com\/index.php\/mortgage-questionnaire\/\" class=\"contact-button\">Get Prequalified<\/a>\n        <\/div>\n    <\/div>\n\n    <div id=\"modal4\" class=\"modal\">\n        <div class=\"modal-content\">\n            <span class=\"close\">&times;<\/span>\n            <h2>Jumbo Loans<\/h2>\n            <p>For high-value properties that exceed the limits set by Fannie Mae and Freddie Mac. They typically have stricter credit requirements and higher interest rates.<\/p>\n            <a href=\"https:\/\/mortgagebyspeedy.com\/index.php\/mortgage-questionnaire\/\" class=\"contact-button\">Get Prequalified<\/a>\n        <\/div>\n    <\/div>\n\n    <div id=\"modal5\" class=\"modal\">\n        <div class=\"modal-content\">\n            <span class=\"close\">&times;<\/span>\n            <h2>Bank Statement Loans<\/h2>\n            <p>Take advantage of multiple loan products that offer more transparency into investor guidelines and borrower qualifications and allow self-employed borrowers to qualify, simply by providing personal or business bank statements instead of income documents or transcripts.<\/p>\n            <a href=\"https:\/\/mortgagebyspeedy.com\/index.php\/mortgage-questionnaire\/\" class=\"contact-button\">Get Prequalified<\/a>\n        <\/div>\n    <\/div>\n\n    <div id=\"modal6\" class=\"modal\">\n        <div class=\"modal-content\">\n            <span class=\"close\">&times;<\/span>\n            <h2>Conventional Mortgages<\/h2>\n            <p>Not insured or guaranteed by the federal government. These loans typically require a higher credit score and a larger down payment but can offer competitive rates.<\/p>\n            <a href=\"https:\/\/mortgagebyspeedy.com\/index.php\/mortgage-questionnaire\/\" class=\"contact-button\">Get Prequalified<\/a>\n        <\/div>\n    <\/div>\n\n    <div id=\"modal7\" class=\"modal\">\n        <div class=\"modal-content\">\n            <span class=\"close\">&times;<\/span>\n            <h2>Construction Loans<\/h2>\n            <p>Short-term loans used to finance the building of a home. Once construction is complete, the loan can be converted into a permanent mortgage.<\/p>\n            <a href=\"https:\/\/mortgagebyspeedy.com\/index.php\/mortgage-questionnaire\/\" class=\"contact-button\">Get Prequalified<\/a>\n        <\/div>\n    <\/div>\n\n    <div id=\"modal8\" class=\"modal\">\n        <div class=\"modal-content\">\n            <span class=\"close\">&times;<\/span>\n            <h2>Home Equity Loans<\/h2>\n            <p>Also known as a second mortgage. These loans allow homeowners to borrow against the equity in their home, typically used for home improvements, debt consolidation, or other major expenses.<\/p>\n            <a href=\"https:\/\/mortgagebyspeedy.com\/index.php\/pre-qual\/\" class=\"contact-button\">Get Prequalified<\/a>\n        <\/div>\n    <\/div>\n\n    <script>\n        \/\/ Get all article containers and modal elements\n        const articleContainers = document.querySelectorAll('.article-container');\n        const modals = document.querySelectorAll('.modal');\n        const closeButtons = document.querySelectorAll('.close');\n\n        \/\/ Add click event listeners to open the appropriate modal\n        articleContainers.forEach(container => {\n            container.addEventListener('click', function() {\n                const modalId = this.getAttribute('data-modal');\n                document.getElementById(modalId).style.display = 'block';\n            });\n        });\n\n        \/\/ Add click event listeners to close the modal\n        closeButtons.forEach(button => {\n            button.addEventListener('click', function() {\n                modals.forEach(modal => modal.style.display = 'none');\n            });\n        });\n\n        \/\/ Close modal when clicking outside of it\n        window.addEventListener('click', function(event) {\n            if (event.target.classList.contains('modal')) {\n                event.target.style.display = 'none';\n            }\n        });\n    <\/script>\n\n<\/body>\n<\/html>\n\n\n\n<center><a href=\"https:\/\/mortgagebyspeedy.com\/index.php\/pre-qual\/\" style=\"text-decoration: none;\">\n       <button style=\"background-color: #06d15e; color: white; font-weight: bold; \n margin-top: 50px;\npadding: 10px 20px; border: none; border-radius: 4px; cursor: pointer;\">\n            Get Prequalified Today!\n        <\/button>\n    <\/a><\/center>\n\n\n\n<div style=\"height:46px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>Types of Mortgage Loans Fixed-Rate Mortgages (FRMs) Adjustable-Rate Mortgages (ARMs) Government-Backed Loans Jumbo Loans Bank [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-920","page","type-page","status-publish","hentry"],"_links":{"self":[{"href":"https:\/\/mortgagebyspeedy.com\/index.php\/wp-json\/wp\/v2\/pages\/920","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mortgagebyspeedy.com\/index.php\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mortgagebyspeedy.com\/index.php\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mortgagebyspeedy.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mortgagebyspeedy.com\/index.php\/wp-json\/wp\/v2\/comments?post=920"}],"version-history":[{"count":49,"href":"https:\/\/mortgagebyspeedy.com\/index.php\/wp-json\/wp\/v2\/pages\/920\/revisions"}],"predecessor-version":[{"id":1501,"href":"https:\/\/mortgagebyspeedy.com\/index.php\/wp-json\/wp\/v2\/pages\/920\/revisions\/1501"}],"wp:attachment":[{"href":"https:\/\/mortgagebyspeedy.com\/index.php\/wp-json\/wp\/v2\/media?parent=920"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}