You can have one type of loan or a combination of both.
Over the last year, consumers have also been increasingly making another type of loan as well.
But the higher rates did make it difficult to qualify for the type of loan they preferred.
Like with any type of loan, don't get talked into financing that you can't afford.
This type of loan should be available in three ways during 1991.
Do any banks in New York offer this type of loan?
The most popular type of loan offers down payment and closing cost assistance.
Interest rates vary with the type of loan, but the most common rate is 9 percent.
From September 2012 the government will offer two types of loan.
"You might get up to $40,000 more from one type of loan than from another, at a lower cost," he said.