A long-term loan for property, and the buildings on the property, is called a mortgage.   Lending institutions such as banks and mortgage companies are the largest mortgage lenders, but some credit unions offer long-term loans.  Sometimes a seller will finance the home they are selling and some mortgages are assumable from the current homeowner.

Lenders offer loans of their own deposits, but usually make loans and sell them to investors.  Historically, loans made to be sold have followed strict guidelines, but mortgage products with more flexible guidelines have been developed.

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