Augustana College: What does CFPB say loan type affects?
DIRECT ANSWER
Source guidance recorded on 2026-10-15. Confirm the applicable policy year, cohort and property jurisdiction before relying on time-sensitive facts. This is general U.S. financial or tax educational guidance from the cited authority; school-specific eligibility, loan terms and an individual tax outcome are not established.
CFPB says loan type affects the required down payment, total loan cost including interest and mortgage insurance, and borrowing/house-price range.
Sources & verification
- www.consumerfinance.gov source-backed-recovered-record
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