Find the right financing fit
Every loan program has different eligibility, property, credit, and down-payment requirements. Explore the options below, then speak with a mortgage advisor for a personalized recommendation.
Conventional Loans
Standard loans not insured or guaranteed by the government. Ideal for borrowers with good credit and stable income.
Highlights
- Backed by Fannie Mae or Freddie Mac
- Minimum down payment: 3–5%
- Private Mortgage Insurance (PMI) required with less than 20% down
- Flexible terms: fixed or adjustable-rate mortgage (ARM)
- Best for strong credit profiles
FHA Loans (Federal Housing Administration)
Government-insured loans designed for first-time buyers or those with limited credit.
Highlights
- Down payment as low as 3.5%
- Easier credit qualification
- Mortgage Insurance Premium (MIP) required
- Allows gift funds for down payment
- Great for first-time or moderate-income buyers
VA Loans (Department of Veterans Affairs)
Exclusive to eligible veterans, active-duty service members, and certain surviving spouses.
Highlights
- No down payment required
- No PMI
- Competitive interest rates
- Flexible credit guidelines
- Must meet VA eligibility requirements
Jumbo Loans
For loan amounts exceeding the applicable conforming limit. The 2026 baseline limit for most one-unit properties is $832,750; limits vary in high-cost areas.
Highlights
- Used for high-value properties
- Requires strong credit and income
- Larger down payment, often 10–20%
- Competitive rates for qualified borrowers
- No government backing
USDA Loans (Rural Development)
Government-backed loans for homes in eligible rural or suburban areas.
Highlights
- Zero down payment
- Income limits apply
- Property must be in a USDA-approved area
- Low mortgage insurance costs
- Ideal for rural homebuyers
DSCR Loans (Debt Service Coverage Ratio)
Investor-focused loans that qualify based on property cash flow rather than personal income.
Highlights
- No personal income verification
- Approval based on rental income compared with the property’s monthly debt obligation
- A DSCR of 1.0 or higher is typically required
- Works for long-term rentals and many short-term rentals
- May close in an LLC or personal name
- Designed for real estate investors building portfolios
HELOC (Home Equity Line of Credit)
A revolving line of credit that lets homeowners borrow against their property equity. Draw funds as needed, repay them, and reuse the available credit during the draw period.
Highlights
- Uses home equity as collateral
- Revolving credit line — borrow, repay, and borrow again
- Typically has a variable interest rate
- May offer interest-only payments during a draw period, usually 5–10 years
- Useful for renovations, debt consolidation, investments, or emergencies
- Interest is charged only on the amount used
- Converts to a repayment period after the draw period
- Often has a faster approval process than a full mortgage refinance
Loan programs, rates, limits, and eligibility requirements are subject to change. This information is for general educational purposes and is not a commitment to lend.