# Purchase Loan Types

Source: https://www.gatewayfirst.com/mortgage/purchase/mortgage-loans

Are you ready to purchase your new home? Whether you’re a first-time homebuyer or have done this many times, you will find Gateway Mortgage Group offers a wide range of smart mortgage solutions. Browse the loan types available below or reach out to one of our local mortgage centers. We’re here to help.

## Purchase Loan Types
### Solutions for Every Homebuyer
Are you ready to purchase your new home? Whether you’re a first-time homebuyer or have done this many times, you will find Gateway Mortgage offers a wide range of smart mortgage solutions. Browse the loan types available below or reach out to one of our local locations. We’re here to help.
#### Conventional Loans
Provide flexible terms, offer great rates, and generally have a streamlined loan experience with less documentation and faster processing.
#### FHA Loans
Are government-insured loans with flexible options for first-time homebuyers, and those with less than perfect credit or lacking a large down payment.
#### VA Home Loans
Help military families realize homeownership with flexible guidelines, up to 100% financing, reduced interest rates and lower closing costs.
#### USDA (Rural) Home Loans
Are an ideal choice if you have low-to-moderate income, want to live in a rural area or outside of the city, and are looking for 100% financing.
#### Lock & Shop
Allows qualified homebuyers to lock their rate while shopping for a new home.
#### Adjustable Rate Mortgages (ARMs)
Make a lot of sense for homebuyers who want a lower initial lower interest rate and are comfortable with future rate adjustments.
#### Fannie Mae's HomeReady
Covers a wide range of property types and is an attractive program for first-time homebuyers or those seeking a low-down payment option.
#### Freddie Mac Home Possible and Home Possible Advantage
Is designed for first-time homebuyers or people in high-cost markets needing greater flexibility with max loan amounts and qualifying income limits.
#### Bonds and Down Payment Assistance Programs
Can help qualified homebuyers cover their down payment and closing costs with forgivable grants and favorable second mortgages.
#### Condo Loans
Help homebuyers who are interested in homeownership but prefer a different set of nuances and amenities that urban areas offer.
### Helpful Resources
- [Homebuyer's Guide](https://downloads.ctfassets.net/67qif86ju9cg/4sw8jmk5NwMI2CiRo3yfn7/51bcb7decfcf6611580a8dbae1e86792/Homebuyer_Booklet_Final_03.25.21.pdf)
- [Our Blog](https://www.gatewayfirst.com/blog)
- [Loan Estimate 101](https://www.consumerfinance.gov/owning-a-home/loan-estimate/)
- [Closing Disclosure 101](https://www.consumerfinance.gov/owning-a-home/closing-disclosure/)
- [Calculators](https://www.gatewayfirst.com/calculators)
- [Documents Checklist](https://assets.ctfassets.net/67qif86ju9cg/6NryX4QvRaqFUPHwFmyt5D/d39643f18388137bd07152d286efef09/Loan_Docs_Needed_Checklist_FINAL_2.3.21.pdf)
- [Closing Checklist](https://assets.ctfassets.net/67qif86ju9cg/4u4XdL2TWAWhnmSzCtDdhr/c464a349d188abc6d5a86b6101745985/GatewayLoan.com-Assets_Closing-Checklist_2.3.21.pdf)
- [Benefits of Pre-qualification](https://www.gatewayfirst.com/blog/benefits-of-pre-qualification)
- [Find a Loan](https://www.gatewayfirst.com/personal/loans)
Published: 2025-07-11T02:58:48.270Z