For your situation, a conventional $30-$year fixed$-$rate mortgage seems to be the best fit because you have a high credit score $(790)$ and a steady income, which gives you a better chance of qualifying for conventional financing. Although government$-$backed loans $($FHA$,$ VA$)$ often offer lower payment requirements, they come with additional fees or mortgage insurance, which you can avoid with a conventional loan if you plan to build equity over time. Fixed$-$rate mortgages also provide certainty by locking in an interest rate for the entire term, which is a huge benefit in an environment where interest rates are relatively high and subject to market volatility. While adjustable$-$rate mortgages $($ARMs$)$ may offer a lower introductory rate, they expose you to the risk of rising interest rates, especially if market conditions continue to deteriorate. At the same time, a $30-$year term minimizes your monthly payment obligations, which is especially important given your other recurring expenses. While a $15-$year term would reduce the total interest paid over the life of the loan, the higher monthly payments could put a strain on your monthly budget. Considering that you plan to live in this home for at least five years, the stability of a $30-$year fixed loan may be a good fit for your long$-$term plans.