Loan Programs
There are several types of loan programs available, each with its own features, benefits, & eligibility requirements. Here are some of the most common loan program options:
Loan Programs
Conventional Loans
- As Low as 1% Down Payment
- Down Payment Assistance Programs
- 620 Minimum Credit Score
- Various Buydown Options
- Down Payment Can be Gifted
- Monthly Mortgage Insurance
- Lender Paid MI Options
- Not Required with 20% + Down Payment
- W-2 / 1099 / Self Employed Options
- High Balance & Jumbo Loans
- Refinance - Cash Out
- Home Equity Loans available
- SFR, PUD, Townhome, Condos, Duplex, Triplex & 4 Unit Options
FHA Loans
- 3.50% Down Payment
- Down Payment Assistance Programs
- 500+ and No Credit Score Options
- Down Payment Can be Gifted
- Upfront Mortgage Insurance Premium - Financed into Loan Amount
- Easy Streamline Refinance
- Refinance - Cash out
- W-2 / 1099 / Self Employed Options
- Streamline 203K Loan - Common Repairs
- Standard 203K Loan - Extensive Repairs
- SFR, PUD, Townhome, Condos, Qualified Manufactured , Duplex, Triplex & 4 Unit Options
First Time Buyer Loans
- Down Payment Options
- Zero Down
- 1% Down
- 3.5 % Down
- Down Payment Assistance
- Fannie Mae Home Ready
- Freddie Mac Home Possible
- Home100, Chenoa, CalFHA , USDA, VA
- Forgivable, & Non-Forgivable Options
- Grants, City, County, State & Federal
- First Time Home Buyer Education
- Credit, Income & Property Guidelines
- SFR, PUD, Townhome, Condos, Qualified Manufactured , Duplex, Triplex & 4 Unit Options
VA (Veterans Affairs) Loans
- Zero Down Payment – 100% Financing
- No Minimum Credit Score
- Limited Closing Costs
- VA Funding Fee
- Exemptions Available
- May Financed into Loan Amount
- No Private Mortgage Insurance
- Relaxed credit requirements
- No Maximum Loan Amount
- Purchase, EEM, Renovation, IRRRL, VA Cash-Out Refi & Native American Direct Loan Options
USDA Loans
- Zero Down Payment Available
- 580+ Minimum Scores
- Down Payment Can be Gifted
- Property must be in USDA Eligible Area
- Purchase / Refinance & Cash out
- W-2 / 1099 / Self Employed Options
- Low & Moderate Income Options
- Lower Mortgage Insurance
- No Maximum Purchase Price
- SFR, PUD, Townhome, Condos, Qualified Manufactured , Duplex, Triplex & 4 Unit Options
Non QM Loans
- No Mortgage Insurance
- Jumbo Loans
- Bank Statement Loans
- 3, 12, 24 Months statements
- Investment Loans
- DSCR, P&L, 1099, Alt Docs
- Self Employed Loans
- SFR, PUD, Townhome, Condos, Qualified Manufactured , Duplex, Triplex & 4-25+ Unit Options
- ITIN & Foreign Nationals
- Owner Occupied, Investment
Commercial Loans
- SBA - Purchase / Refi / Cash Out
- DSCR - Purchase / Refi / Cash Out
- Land, Commercial, 5+ Units, Mixed Use
- Private Lending
- Construction, Flip, Purchase & Cash Out
Manufactured Home Loans
- As Low as 5% Down Payment
- On Owned or Leased Land
- Full Doc & Alt Doc Options
- New & Used Manufactured Homes
- ITIN Options Available
Each loan program has its own unique features and requirements, so it's important for homebuyers to research and compare their options carefully to find the loan that best suits their financial needs and goals.