Mortgage Loans

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These mortgage loans that are insured by the Federal Housing Administration. FHA loans are designed for low-to-moderate income consumers and are popular because of their low-down payment requirements for those looking to buy a home. Down payment requirement is as little as 3.5%. 

VA Mortgage Loans are guaranteed by the United States Department of Veterans Affairs and are only available to eligible American veterans or a surviving spouse of a veteran. With a no down payment required, they will lend up to 100% of the homes value on a purchase, or refinance, making these the top choice for a loan for eligible veterans.  

USDA Mortgage Loans are guaranteed by the United States Department of Agriculture and are designed to assist low-to-moderate income consumers purchase homes in rural areas. (known as Rural Development Loans) USDA Loans can provide up to 100% for a home purchase or refinance. 

Conventional Mortgage loans are designed for borrowers that have saved money for down payment. When the down payment is less than 20% these loans require mortgage insurance. Loans are not guaranteed or insured by the federal government.  Borrowers typically with credit scores of 620 or higher.

Renovation mortgage loans are available under Conventional and FHA Programs. The loan to value is based on the after-completion value of the home. This allows you to purchase a home that may need repairs and or updates.  Click here to understand more about these programs. 

Jumbo Mortgage loans are mortgages for homes that exceed the loan limits set by Fannie Mae and Freddie Mac. Jumbo loans are available up to $3 Million

For a list of the 2019 maximum loan limits for all counties and county-equivalent areas in the U.S. click here