Conventional Loans

• Ideal for borrowers with credit scores above 640, stable income, and low debt levels
• Available for primary, secondary, and investment properties
• Fixed and adjustable rates available
• Loan amounts up to $806,500 ($1,209,750 in high-cost areas)
• Down payments as low as 3% for qualified borrowers
• Suitable for purchase and refinance transactions

FHA Loans

• Backed by the Federal Housing Administration
• Ideal for first-time homebuyers and those with lower credit scores or higher debt ratios
• Available for primary and secondary residences
• 3.5% down payment, which can be gifted
• Sellers can contribute up to 6% toward closing costs
• Requires Mortgage Insurance Premium (MIP) for the life of the loan
• Designed for rural and suburban homebuyers
• No down payment required
• Low mortgage insurance costs
• Flexible credit guidelines
• Property must be in eligible rural or suburban areas

USDA Loans

• Designed for rural and suburban homebuyers
• No down payment required
• Low mortgage insurance costs
• Flexible credit guidelines
• Property must be in eligible rural or suburban areas

VA Loans (For Veterans & Active-Duty Military)
 

• Designed for veterans, active-duty service members, and eligible spouses
• No down payment required for eligible borrowers
• No private mortgage insurance (PMI)
• Competitive interest rates and flexible credit requirements
• Available for primary and secondary residences

Jumbo Loans

• For loan amounts exceeding conventional limits of $806,500 
• Fixed and adjustable-rate options are available
• Typically requires a higher credit score
• May require larger down payments
• For borrowers who don’t meet traditional lending criteria
• Flexible income verification methods (ideal for self-employed)
• Alternative credit evaluation available
• Customizable loan terms to fit unique financial situations

Non-QM Loans

• For borrowers who don’t meet traditional lending criteria
• Flexible income verification methods (ideal for self-employed)
• Alternative credit evaluation available
• Customizable loan terms to fit unique financial situations

Down Payment Assistance (DPA) Program

• Assistance options:
  • Grants for up to 5% – No repayment required
  • Forgivable second lien – Forgiven over time if the borrower remains in the home for a certain amount of time
  • Repayable second lien – Low-interest loan repaid over time
• Income limits: Based on area median income
• Credit score requirement: 620+
• Homebuyer education: Usually required 

Reverse Mortgages

• For homeowners aged 62+ looking to access home equity 
• No monthly mortgage payments (home must remain primary residence)
• Multiple payout options – lump sum, monthly payments, or line of credit
• FHA-insured loan with built-in borrower protections
• Retain homeownership while converting equity into cash
• Repayment is deferred until the home is sold or no longer occupied by the borrower

Refinance Loans

• Lower your monthly payment with a better interest rate
• Shorten your loan term to pay off your home faster
• Cash-out refinance is available to access home equity
• Switch from adjustable to fixed-rate for stability
• Debt consolidation option to combine high-interest debts