The most common type of financing in real estate is a mortgage loan. This type of loan allows buyers to borrow money from a bank or lender to purchase a property and pay it back over time with interest. The terms and conditions of the loan can vary depending on factors such as credit score, down payment amount, and the specific lender. Mortgage loans come in different varieties, including fixed-rate mortgages, adjustable-rate mortgages (ARMs), government-backed loans like FHA and VA loans, and jumbo loans for high-value properties. Each option has its own set of benefits and drawbacks that buyers should consider before making a decision.