Conventional loan is any type of home buyer’s loan that is not offered or secured by a government entity. Instead, conventional mortgages are available through private lenders, such as banks, credit unions, and mortgage companies. However, some conventional mortgages can be guaranteed by two government-sponsored enterprises
FHA loan is a mortgage insured by the Federal Housing Administration. With a minimum 3.5% down payment for borrowers with a credit score of 580 or higher, FHA loans are popular among first-time home buyers who have little savings or have credit challenges.
These loans are available to people who are actively serving in the military or who have served and received an honorable discharge. Family members of service personnel also may qualify for a VA loan.
USDA loans are mortgages backed the U.S. Department of Agriculture as part of its Rural Development Guaranteed Housing Loan program. USDA loans are available to home buyers with low-to-average income for their area. Please check and see if you qualify.
Non-Traditional & Jumbo
A nontraditional mortgage is a unique loan that doesn't fit the requirements for a conventional or even unconventional loan.
A jumbo mortgage, is a type of financing that exceeds the limits set by the Federal Housing Finance Agency
A refinance is the process of revising and replacing the terms of an existing Mortgage to make favorable changes to their interest rate, payment schedule, or other terms outlined in their current mortgage.