Loan Programs

Conventional Loan

Conventional loans are the most common type of mortgage. There are two categories of conventional loans: conforming and non-conforming. Conforming loans follow the loan amount guidelines set by Fannie Mae and Freddie Mac, while non-conforming loans typically have higher loan limits and are governed by a separate set of guidelines. Conventional loans often have higher down payment requirements than government-sponsored loans like FHA and USDA.

Includes:

• Fixed Rate Mortgages
• Adjustable Rate Mortgages
• Fannie Mae Homesyle
• Freddie Mac Home Ready

FHA Loans

FHA loans are insured by the Federal Housing Administration and are open to all qualified homebuyers. These loan programs have limits but they are generous and handle moderately-priced homes almost anywhere in the country. FHA loans offer a lower down payment and more flexibility than many other type of financing.

Includes:

• 203 (h) Mortgage
• 203 (k) Mortgage

VA Loans

VA Loans are available to eligible US veterans. They are guaranted by the U.S Department of Veterans Affairs and are made by private lenders, such as banks or mortgage companies, for the purchase of a home for a buyer's own personal occupancy. These loans offer competetive rates and require little or no down payment.

Jumbo Loans

Jumbo loans are great for luxury or high-cost homes that are valued at or above conventional loan limits. Depending on the area in which the home is located, this maximum amount figure will vary. In 2021, loan amounts over $548,250 are considered Jumbo, although certain high-balance counties may apply.