Which type of financial institution typically does not offer a mortgage on a single-family home?

Life insurance companies primarily focus on long-term investment opportunities, utilizing the premiums collected from policyholders to invest in a diverse range of ventures, including commercial real estate and large-scale projects. They often prefer the stability and consistent returns offered by these investments rather than the more cyclical and variable nature of single-family home mortgages.

In contrast, mutual savings banks, commercial banks, and credit unions are all institutions that engage in offering a wide array of home mortgage products. Mutual savings banks focus on the savings of individuals and are heavily involved in lending for residential purposes. Commercial banks also provide a wide range of mortgage products given their extensive resources and customer base. Credit unions, being member-owned, often provide competitive mortgage options to their members and are increasingly popular in the residential mortgage market.