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.
Renovation Loans
Renovation Loans provide financing options that allow homeowners and buyers to purchase or refinance a home while including the cost of improvements and repairs into one convenient loan. Whether you are updating an older home, improving functionality, or creating your dream space, renovation financing can help turn your vision into reality without the need for separate high-interest loans. These programs are ideal for borrowers looking to increase their home's value and make meaningful upgrades.
Down Payment Assistance Programs
Down Payment Assistance Programs help qualified homebuyers overcome one of the biggest barriers to homeownership by providing support with upfront costs. These programs may offer grants, forgivable loans, or other assistance options to help cover a portion of the down payment and closing expenses. Designed to make buying a home more accessible, they can be a valuable resource for first-time buyers and those who need additional support getting started.
