Conventional mortgages are the most popular option for borrowers and are also the most well-known for both purchase and refinance. Conventional loans based on FNMA and FHLMC guidelines are offered by independent mortgage companies. Borrowers can choose anywhere between a 10 to a 30-year term with fixed or adjustable rate options.


A FHA mortgage loan is insured by the Federal Housing Administration (FHA), which is a part of the US Department of Housing and Urban Development (HUD). FHA loans are designed to make homeownership more accessible to low to moderate income and first-time homebuyers with low down payments and more flexible credit requirements.


True ZERO FHA is a down payment assistance (DPA) loan that provides the homebuyers 100% financing and requires 0% down payment. This is achieved through a first and second mortgage. The amount of the second mortgage is up to 3.5% equal to the lessor of the sales price or the appraised value.


A USDA mortgage, also known as a USDA Rural Development Loan, is a type of home loan offered by the United States Department of Agriculture (USDA) to encourage homeownership in rural and suburban areas. No down payment is required, and USDA loans have reduced Mortgage Insurance premiums compared to Conventional Loans.


A Mortgage Program available to eligible Veterans, active-duty service members and certain qualifying spouses, guaranteed by the US Department of Veterans Affairs (VA). VA loans are designed to help veterans and their families purchase homes with favorable terms, including ZERO Down Payment. These loans are guaranteed by the Veterans Administration.



A Non-Agency Jumbo Loan is a type of mortgage that exceeds the conforming and FHA/VA underwriting requirements. These loans are used to finance higher-priced properties, typically those with values above the limit set forth by FNMA/FHLMC and HUD.


A Non-QM (Non-Qualified Mortgage) loan is a type of mortgage loan that does not meet the qualified mortgage (QM) standards set forth by (CFPB). Non-QM loans are often tailored to borrowers who may not qualify for traditional QM loans due to reasons such as self-employment income, unique financial circumstances, or complex income structures.

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