Home Loan Programs
Conventional Loans
Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment.
FHA Loans
It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.
USDA Loans
A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.
VA Loans
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.
Non-QM Loans
Non-QM (Non-Qualified Mortgage) loans provide flexible qualification options for borrowers with unique financial profiles. These programs are ideal for entrepreneurs, freelancers, investors, and individuals with alternative income sources who may not fit conventional loan requirements.
DSCR Investor Loans
Debt Service Coverage Ratio (DSCR) loans are designed specifically for real estate investors. Qualification is based primarily on the property’s cash flow rather than personal income, making it easier to grow your investment portfolio without extensive income documentation.
Self-Employed Bank Statement Loans
Traditional tax returns don’t always reflect the true income of self-employed borrowers. Bank statement loans allow borrowers to qualify using personal or business bank statements, offering a practical financing solution for business owners and independent professionals.
Profit & Loss Statement Loans
For self-employed borrowers seeking a streamlined approval process, Profit & Loss (P&L) statement loans provide an alternative documentation option using professionally prepared P&L statements instead of traditional income verification methods.
