A conventional loan is a mortgage that is not backed by a government agency. Conventional loans are often also called “conforming” loans because they follow lending rules set by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).
97% LTV Options
Competitive Fixed Rate & Adjustable Rate loans
15, 20 & 30 year terms available
PMI required with less than 20% down payment
Cash-out & No Cash-out refinances
An FHA loan is a mortgage that's insured by the Federal Housing Administration (FHA). ... Borrowers can qualify for an FHA loan with a down payment as little as 3.5% for a credit score of 580 or higher.
Popular with first-time buyers
Flexible credit requirements
Mortgage insurance is required
Streamline Refinances Available for qualified borrowers
A VA loan is a loan guaranteed by the United States Department of Veterans Affairs (VA). The program is for veterans, military members currently serving in the U.S. military, reservists and select surviving spouses (provided they do not remarry) and can be used to purchase single-family homes, condominiums, multi-unit properties, manufactured homes and new construction.
Competitive interest rates
Reduced closing costs
No Down Payment for qualified veterans
IRRRLS – Streamline refinances
The USDA Guarantee loan is a 100% financing mortgage for moderate-to-low income homebuyers in eligible rural and suburban areas. Loans are issued through the USDA Rural Development Guaranteed Housing Loan Program, which was created by the U.S. Department of Agriculture.
Competitive fixed interest rates
Closing costs can be seller-paid or rolled into the loan
Reduced mortgage insurance