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Looking for clarity on mortgage payments? Look no further! CambridgeHomeLoan.com presents the ultimate Free Mortgage Calculator to empower your home-buying journey. Say goodbye to confusion and hello to confidence with CambridgeHomeLoan.com’s Free Mortgage Calculator. Click request pre-approval below to get your pre-qualification and start shopping for the home or investment property of your dreams.

Mortgage Calculator

Mortgage Loan Types:
1. Residential
2. Investment
3. Commercial

Residential Home Loan Types:

1. Conventional Home Loans: Traditional mortgage loans offered by private lenders or banks, conforming to guidelines set by Fannie Mae and Freddie Mac, typically requiring a down payment and good credit score.

2. FHA Loans (Federal Housing Administration Loans):** Insured by the FHA, these loans are designed for low-to-moderate-income borrowers and require lower down payments and credit scores compared to conventional loans.

3. VA Loans (Veterans Affairs Loans): Available to eligible veterans, active-duty service members, and certain military spouses, VA loans offer favorable terms, including no down payment and lower interest rates.

4. USDA Loans (United States Department of Agriculture Loans): Designed for rural and suburban homebuyers with low-to-moderate incomes, USDA loans offer zero down payment options and reduced mortgage insurance rates.

5. Jumbo Loans: Mortgage loans that exceed the conforming loan limits set by Fannie Mae and Freddie Mac, typically used to finance higher-priced properties.

Residential Non-QM Loan Types:

1. Bank Statement Loans: Non-QM loans that utilize bank statements instead of tax returns for income verification, catering to self-employed borrowers or those with irregular income sources.

2. Asset Depletion Loans: Loans that consider a borrower’s assets as income, allowing individuals with substantial assets but limited income to qualify for a mortgage.

3. Stated Income/Stated Asset (SISA) Loans: Loans where income and assets are stated by the borrower rather than verified through documentation, suitable for borrowers with non-traditional income sources.

4. Foreign National Loans: Designed for non-U.S. citizens or residents without a Social Security number, these loans enable foreign nationals to purchase property in the United States.

5. Interest-Only Loans: Loans where borrowers only pay interest for a specified period, typically appealing to investors or those with fluctuating income.

6. Jumbo and Super Jumbo Loans: Loans in excess of one million dollars and three million dollars can borrow with full doc, limited doc or potentially no doc loans.

Investment Loan Types:

1. Fix and Flip Loans: Short-term loans used to purchase and renovate properties for resale, typically featuring higher interest rates and shorter repayment terms.

2. Fix to Rent Loans:** Loans designed for investors intending to purchase, renovate, and rent out residential properties for long-term investment purposes.

3. Debt-Service Coverage Ratio (DSCR) Loans: Loans evaluated based on the property’s ability to generate sufficient income to cover mortgage payments, commonly used for multifamily or commercial properties.

4. Ground-Up Construction Loans: Financing for the construction of new residential or commercial properties from the ground up, covering land acquisition, construction costs, and related expenses.

Commercial Loan Types:

1. Multifamily Loans: Loans for properties with two or more residential units, including apartment buildings and condominium complexes.

2. Mixed-Use Loans: Financing for properties combining residential, commercial, and/or retail spaces within the same building or complex.

3. Retail Loans: Loans for properties used for retail purposes, including shopping centers, malls, and standalone retail outlets.

4. Commercial Loans: Financing for commercial properties such as office buildings, warehouses, and manufacturing facilities.

5. Office Loans: Loans for office buildings and office complexes, catering to businesses and professional service providers.

6. Industrial Loans: Financing for industrial properties, including manufacturing facilities, distribution centers, and industrial parks.

7. Hospitality Loans: Loans for properties in the hospitality industry, including hotels, motels, resorts, and bed-and-breakfast establishments.

8. Self-Storage Loans: Financing for self-storage facilities, offering secure storage units for personal or commercial use.