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.
Non-QM / Portfolio Loans
may not meet traditional mortgage lending requirements. These programs can be ideal for self-employed individuals, business owners, real estate investors, and borrowers with unique income or financial situations.
DSCR Loans
DSCR (Debt Service Coverage Ratio) Loans are designed for real estate investors looking to purchase or refinance investment properties. Instead of relying primarily on personal income or traditional employment documentation, these loans focus on the property's rental income and its ability to cover mortgage payments.
Bank Statement Loan
Bank Statement Loans provide an alternative financing option for self-employed borrowers, freelancers, and business owners who may not qualify using traditional tax returns. Instead of relying solely on W-2s or conventional income documentation, lenders can evaluate qualifying bank deposits to help determine income.
Renovation Loans
Renovation Loans allow qualified homebuyers and homeowners to finance home improvements, repairs, or renovations as part of their mortgage. Whether you're purchasing a fixer-upper or upgrading your current home, these programs can help combine the cost of the property and eligible improvements into one financing soluti
Down Payment Assistance Program
Down Payment Assistance Programs are designed to help eligible homebuyers overcome one of the biggest challenges of purchasing a home: saving for a down payment. Depending on the program, qualified buyers may receive financial assistance through grants, forgivable loans, or other assistance options.
Refinance Loans
Refinance Loans allow homeowners to replace their existing mortgage with a new loan that better aligns with their financial goals. Whether you're looking to lower your monthly payment, change your loan term, access available home equity, or consolidate eligible debt, refinancing may provide valuable opportunities.
