Conventional  

• Most common types of residential loans
• Loan amounts up to $453,100
• Credit score as low as 620

High Balance 

• Similar to a conventional loan but one where the loan amount exceeds $453,100
• Maximum loan amount determined by county

FHA

• Government insured loan with less stringent guidelines
• Minimum down payment of 3.5%

Jumbo

• Non standard loan for loan amounts that exceed $453,100
• Stricter underwriting guidelines