HOME PURCHASE LOAN OPTIONS
CONVENTIONAL LOANS
CONVENTIONAL LOANS
CONVENTIONAL LOANS
- Down payment options may start as low as 3% for eligible borrowers.
- Financing options for primary residences, second homes, and investment properties.
- Private mortgage insurance (PMI) may be required depending on the down payment and loan terms.
- PMI may be eligible for removal when certain requirements are met.
- Loan eligibility depends on credit, income, assets, and other underwriting guidelines.
FHA LOANS
CONVENTIONAL LOANS
CONVENTIONAL LOANS
- Government-insured mortgage program designed to expand homeownership opportunities.
- Down payment requirements may be as low as 3.5% for qualified borrowers.
- May offer more flexible credit and qualification guidelines than certain conventional programs.
- FHA mortgage insurance is generally required.
- Available for eligible primary residences, subject to FHA guidelines.
VA LOANS
CONVENTIONAL LOANS
USDA LOANS
- Mortgage benefits available to eligible veterans, active-duty service members, and certain surviving spouses.
- Eligible borrowers may qualify for financing without a down payment.
- VA loans generally do not require monthly mortgage insurance.
- A VA funding fee may apply unless the borrower qualifies for an exemption.
- Certificate of Eligibility and lender underwriting requirements apply.
USDA LOANS
NON-QM LOANS
USDA LOANS
- Government-backed mortgage program for eligible properties in designated rural areas.
- Qualified borrowers may be eligible for financing without a down payment.
- Household income and property eligibility limits apply.
- Generally intended for qualifying primary residences.
- USDA guarantee fees and lender underwriting requirements apply.
JUMBO LOANS
NON-QM LOANS
NON-QM LOANS
- Financing options for loan amounts exceeding applicable conforming loan limits.
- May be available for eligible primary residences, second homes, and investment properties.
- Down payment and reserve requirements vary by lender and program.
- Credit, income, and asset documentation requirements may be more extensive.
- Loan terms and eligibility depend on individual borrower qualifications.
NON-QM LOANS
NON-QM LOANS
NON-QM LOANS
- Alternative mortgage options for borrowers whose financial circumstances may not fit traditional lending guidelines.
- May offer alternative income documentation, including qualifying bank statements or asset-based programs.
- Options may be available for self-employed borrowers and certain real estate investors.
- Down payment, credit, and reserve requirements vary by program.
- All loans remain subject to applicable underwriting, documentation, and ability-to-repay requirements.