FHA
An FHA loan allows a down payment as low as 3.50% and a lower credit score than other loan options.
VA
Qualified veterans, service members and spouses can finance up to 100% of the loan and pay less at closing.
USDA
A USDA loan allows you to buy a home in a qualifying rural or suburban area for 0% down if you meet certain income guidelines.
STATE & LOCAL PROGRAMS
There are numerous local and state government programs which help with down payments, fees and/or loan qualification challenges such as credit scores or income.
CONFORMING
A conforming loan can only go as high as $548,250 or $822,375 in high-cost areas and is bought by Fannie Mae and Freddie Mac.
JUMBO
A jumbo loan allows you to borrower more than $822,375 and is not bought by Fannie Mae or Freddie Mac.
PORTFOLIO
Portfolio loans are usually more flexible with qualifying guidelines which is helpful when dealing with certain challenges such as income, assets, credit scores, etc.
SECOND MORTGAGE / HELOC
A second mortgage or home equity line of credit (HELOC) is an additional loan or line of credit secured by the equity in your home.
BRIDGE
A second mortgage or home equity line of credit (HELOC) is an additional loan or line of credit secured by the equity in your home.
FIXED RATE
A conforming loan can only go as high as $510,400 or $765,600 in high-cost areas and is bought by Fannie Mae and Freddie Mac.
ADJUSTABLE RATE
A jumbo loan allows you to borrower more than $765,600 and is not bought by Fannie Mae or Freddie Mac.
INTEREST ONLY
An interest only loan provides a payment feature which only pays the interest on the loan and does not require any payments towards the principal loan amount.
FOREIGN NATIONAL
A foreign national loan is designed for non-US citizens who want to buy property in the United States.
SELF-EMPLOYED
A self-employed loan is designed for business owners who sometimes do not show enough qualifying income as much of their taxable income is being offset with business expenses.
LOW CREDIT SCORE
A low credit score loan is designed for individuals who may have a few credit issues.
BANKRUPTCY / FORECLOSURE / SHORT SALE
This loan is designed for individuals who recently filed for bankruptcy or foreclosed/short sold a property.
COMMERCIAL
Financing for any office, retail, mixed use or special property types.
MULTI-FAMILY
Financing on 2-4 or 5+ unit multi-family properties.
MANUFACTURED
Financing on manufactured properties.
FLOATING HOME
Financing on floating home properties.
