Different types of mortgage programs

[Alice Huang]

Hello everyone, 

Especially the mortgage brokers.  

Understand there are many different loans and would like a deeper understanding if this is correct?

FHA --> non-traditional
VA --> non-traditional
Conventional --> traditional
Refinance --> traditional

Traditional --> FHA and VA
Non-tradition --> FHA and VA
Non-QM --> anyone who's self-employed, or doesn't qualify for a conventional mortgage
Portfolio loans --> mortgage held by the bank

Thank you.  I tried to google and they don't categorize the various loans into "traditional", "non-traditional", "non-QM" and "conventional"....