The type of mortgage each person should choose are :
A government issued mortgage for options 1 and 3
A conventional mortgage for option 2
<h3>Advantages of Government issued mortgage </h3>
Government issued mortgages are more lenient, giving the borrower fair conditions. Because as lower credit score borrowers can qualify for Government issued mortgage unlike conventional mortgages. Also government backed mortgages require a lesser down payments and are better used when financing a home acquisition.
Hence we can conclude that The type of mortgage each person should get are A government issued mortgage for options 1 and 3 and A conventional mortgage for option 2