It's a good idea to gain a basic understanding of the kinds of home mortgages that are available. Basically, all home mortgage programs fall into one of three categories: government loans, conventional loans and sub-prime loans.

We'll explain some terms here because it's likely you'll hear or read references to them throughout the home-buying process.

Government Loans

These are backed by federal or state agencies and are, as a general rule, designed to answer the needs of first-time home buyers.

Conventional loans

These are not backed by the government and may suit the needs of both first-time and move- up home buyers.

Find out about Government Loans

See tips on shopping for a mortgage!