Program Search	|	Home Buying Process	|	Consumer Issues	|	Education	|	About	|	Home
		Can I be a homeowner? Finding a home Making an offer on a home Applying for a loan Inspections The closing process Real Estate loan glossary		Your credit Predatory lending Finding a healthy home Avoiding Foreclosure KC Metro Counseling Agencies

Applying for a Loan

Choosing a mortgage

There are several different types of mortgages, among them:

• Fixed-Rate Mortgages - These are the most popular type, and offer an interest rate that remains constant for the duration of the loan. 
• Adjustable-Rate Mortgages (ARMs) - These come with an interest rate that will adjust from time to time to keep pace with changing market rates.
• Low and No Down Payment options - These may waive the down payment requirement entirely, or require as little as three percent, for borrowers with good credit.
• Special Financing Mortgages -
• Some programs are created for people in certain occupations, such as police officers or public school teachers.  Others seek to assist those with low or moderate incomes, disabilities, etc.  See the Home Program section of this website for a list of programs available in your area.