What type of company provides loans specifically for home buyers?

Mortgage companies specialize in providing loans for home purchases. These companies create mortgage products that are tailored for individuals seeking to buy homes, typically offering various loan types such as fixed-rate mortgages, adjustable-rate mortgages, and government-backed loans. They assess the borrower's financial situation to determine their eligibility and the terms of the loan.

In contrast, microfinance institutions primarily focus on providing small loans to individuals or businesses in developing areas, often without access to traditional banks. Investment banks are involved in large-scale financial transactions, such as underwriting securities and advising on mergers and acquisitions, rather than directly lending to home buyers. Personal loan companies generally provide unsecured loans for various purposes, but their products are not specifically designed for purchasing homes. Therefore, mortgage companies are the most relevant option for individuals looking to finance the purchase of a home.