There are several types of loans available, including conventional loans, FHA loans, VA loans, and USDA loans. Conventional loans are not insured or guaranteed by the government and typically require a higher credit score and down payment. FHA loans are insured by the government and have more lenient credit score and down payment requirements. VA loans are available to eligible veterans and active-duty military members and require no down payment. USDA loans are available to low-to-moderate-income borrowers in rural areas and offer 100% financing. It's important to understand the different types of loans available to determine which one is best for your financial situation.