Home Loan Programs
Conventional Loans
Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment.
FHA Loans
It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.
USDA Loans
A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.
VA Loans
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.
Jumbo Loans
Jumbo Loans are mortgage loans designed for borrowers who need financing above the conventional loan limits. They can be a great option for purchasing higher-priced homes while offering competitive rates and flexible financing options for qualified borrowers.
Non-QM Loans
Non-QM Loans provide alternative financing solutions for borrowers who may not fit traditional mortgage guidelines. These programs offer flexible qualification options for unique income situations, credit profiles, or other circumstances that may make conventional financing difficult.
Investor Loans
Investor Loans are designed for real estate investors looking to purchase or refinance investment properties. These financing options can provide flexible solutions for rental properties and other real estate investment opportunities based on the property's potential and the borrower's overall financial situation.
Self-Employed Programs
Self-Employed Mortgage Programs are designed to help business owners, entrepreneurs, and independent professionals qualify for home financing using flexible income documentation options. These programs can provide alternatives to traditional income verification for borrowers whose income may vary from year to year.
