Mortgage Loan Types
Getting the best for your family should be easy.
Conventional
Purpose of Loan
- Purchase (Down payment as low as 3%)
- No PMI with 20% down
- Refi-rate and term (no cash out)
- Refi cash out (Includes debt consolidation or home improvement)
Term
- Flex Term Options Available 8-30 Years
FHA
Purpose of Loan
- Features initial down payment of 3.5%
- Offers more flexible credit options
- Requires additional mortgage insurance
Term
- Flex Term Options Available 8-30 Years
VA
Purpose of Loan
- For active duty, reservists, military veterans
- Allows for 0% down payment
- No mortgage insurance needed
- Easier credit requirements
Term
- Flex Term Options Available 8-30 Years
Jumbo
Purpose of Loan
- Higher loan amounts that exceed conventional county limits
- Higher reserve requirements
- More restrictive debt to income ratio requirements
Term
- Flex Term Options Available 8-30 Years
Other - USDA and Non-QM
Purpose of Loan
- Alternative income verification methods accepted
- Allows for interest only payment
- Ideal for self-employed borrowers
Term
- Flex Term Options Available 8-30 Years
