Mortgage Quiz

This mortgage quiz helps you find the best home loan option based on your credit score, down payment, home price, and buying or refinancing goals.

In under 2 minutes, you’ll get a personalized recommendation such as FHA, VA, USDA, conventional, jumbo, or refinance, along with helpful next-step tools.

Take our Mortgage Quiz to find the best home loan for your situation in under 2 minutes.

Answer simple questions about your credit score, down payment, home price, and goals to get personalized results for FHA, VA, USDA, Conventional, Jumbo, or Refinance options.

Buying a home or refinancing a mortgage can feel confusing because there are so many loan options available.

A conventional mortgage may work for one person, while another borrower may qualify for an FHA loan, VA loan, USDA loan, or even a jumbo mortgage.

That’s why we created this Mortgage Quiz, a simple tool designed to help you figure out which mortgage type fits your financial situation best.

In just a few quick questions, you’ll get a personalized recommendation based on your credit score, down payment amount, home price, and refinance goals.

This quiz is ideal for first-time home buyers, homeowners looking to refinance, and anyone who wants to compare mortgage options before speaking with a lender.

A mortgage quiz matters because choosing the wrong loan type can cost you thousands in higher interest, fees, and monthly payments.

By matching your credit score, down payment, and goals with the right mortgage option, you can improve approval chances, reduce costs, and make smarter financial decisions before contacting a lender.

Our mortgage quiz is designed to help you narrow down the best home loan option based on real-world lending rules.

It’s not meant to replace a lender, but it can save you hours of research and help you understand your best starting point.

This quiz helps you answer questions like:

• Should I choose FHA or conventional?
• Do I qualify for a VA loan?
• Is a USDA loan possible for my location?
• Should I refinance right now?
• Would a jumbo loan be required?

By the end, you’ll also get recommended calculators and guides from Mortgage Rates Checker to help you plan your next step.

The quiz takes less than 2 minutes and asks questions that lenders typically use when evaluating mortgage eligibility. These include:

• Your credit score range
• How much down payment you have saved
• Whether you are refinancing or buying
• Your home price estimate
• Whether you are a veteran (VA loan eligibility)
• Whether the property is in a rural area (USDA eligibility)

Once you submit your answers, the quiz generates a personalized mortgage recommendation and suggests helpful tools like mortgage calculators and refinance break-even estimates.

This mortgage quiz can recommend the most common mortgage options used, including several loan programs that are popular with first-time buyers.

FHA loans are often a strong choice for buyers who don’t have a large down payment or who have average credit.

FHA mortgages are backed by the government and typically allow lower credit score requirements compared to conventional loans.

FHA loans are especially common for first-time buyers who want to get into a home without waiting years to save 20%.

VA loans are one of the best mortgage options available if you are eligible. They are designed for veterans, active-duty service members, and some surviving spouses.

Many VA borrowers can qualify with no down payment and may avoid private mortgage insurance (PMI). VA refinance options such as IRRRL can also help homeowners lower their interest rate quickly.

USDA loans are designed for home buyers in eligible rural and suburban areas.

Many borrowers qualify for 0% down payment, making this program extremely attractive for buyers who don’t have large savings.

The quiz checks whether you may be buying in a rural area and suggests USDA if it fits your answers.

Conventional loans are one of the most common mortgage types in the U.S. and Canada. They are not government-backed and typically offer better long-term pricing for borrowers with strong credit.

If you have a higher down payment and a strong credit score, conventional mortgages often come with lower total costs compared to FHA loans.

Jumbo loans are used when the home price exceeds standard conforming loan limits. These mortgages often require stronger credit, higher income, and larger reserves.

If your home price is above average, the quiz may recommend a jumbo mortgage option and suggest jumbo refinance rate guides.

Refinancing can be a smart strategy when interest rates drop, when your credit improves, or when you want to change loan terms.

This quiz can recommend refinance options such as:

• Rate-and-term refinance
• Cash-out refinance
• Switching from ARM to fixed-rate
• Moving from 30-year to 15-year

Refinancing can lower your monthly payment, reduce interest costs, or help you access home equity but it’s important to compare closing costs and break-even timing.

Mortgage eligibility isn’t fixed forever. Even if you don’t qualify for the best mortgage option today, small improvements can change your result quickly.

For example, improving your credit score by 30–60 points, reducing your debt-to-income ratio, or saving a slightly larger down payment can unlock much better mortgage rates.

If your quiz result isn’t what you expected, don’t worry, it simply shows your best starting option right now.

After you receive your mortgage quiz recommendation, the smartest next step is to estimate your numbers and compare loan costs.

We recommend doing the following:

1. Check today’s mortgage rates
2. Calculate your monthly mortgage payment
3. Estimate your down payment and closing costs
4. Compare refinance savings (if refinancing)
5. Understand your affordability and budget range

This will help you avoid overpaying, choosing the wrong loan type, or locking into a payment that feels too high.

To get a clearer estimate of your monthly payment and affordability, explore these calculators:

• Mortgage Calculator
• Mortgage Affordability Calculator
• Down Payment Calculator
• Refinance Break-Even Calculator
• Debt-to-Income Ratio Calculator

These tools help you understand what lenders look at and how much house you can realistically afford.