Products

Conventional

  • 5% down payment (some lenders offer a 3% down payment option)

  • 620 minimum credit score requirement

  • Mortgage insurance generally drops off at 80% loan-to-value (LTV)

  • Rate/Term & Cash Out refinance options

First Time Home-Buyer

  • 3% minimum down payment

  • Lower interest rates

  • Potentially reduced mortgage insurance rates

  • 620 minimum credit score requirement

Federal Housing Authority (FHA)

  • 3.5% minimum down payment

  • Credit scores as low as 500

  • More forgiving when it comes to employment history

  • 203k Rehab Loan

  • FHA Streamline, Rate/Term & Cash Out refinance options

United States Department of Agriculture (USDA)

  • 100% financing, no down payment

  • 620 minimum credit score requirement

  • Encourages rural relocation

  • Streamlined refinancing options

Veterans Administration (VA)

  • 100% financing, no down payment

  • 560 minimum credit score requirement

  • Reduced interest rates

  • Great option for Veterans

  • Interest Rate Reduction Refinancing Loans (IRRRL’s) - Rate/Term, Cash Out & Investment property options

Jumbo Loans

  • Great option for those looking to purchase above conforming/high balance limit

  • 680 minimum credit score requirement

  • Varying down payment options

  • Rate/Term & Cash Out refinance options - maximum loan to value varies by program

Non-Qualified Mortgage (Non-QM)

  • Investor specific products

  • Bank statement loans

  • Minimum credit score dependent on lender and program

  • Down payment will vary

  • Rate/Term & Cash Out refinance options - maximum loan to value varies by program