Available Products
Conventional
A conventional residential loan is a popular mortgage option for homebuyers with strong credit and financial stability. To qualify, you'll generally need a minimum FICO score of 620, though higher scores may help secure better rates. Conventional loans typically require a down payment of at least 3% for first-time homebuyers, or 5% for repeat buyers, with private mortgage insurance (PMI) required if the down payment is less than 20%. These loans are available for primary residences, second homes, and investment properties, and offer competitive terms, including fixed or adjustable rates. With fewer restrictions than government-backed loans, a conventional loan can be a great choice if you're financially prepared to make a stable long-term investment in your home.
FHA
An FHA residential loan is a popular option for homebuyers looking for a low-down-payment mortgage with flexible qualification requirements. To qualify, you typically need a minimum FICO score of 580 for the standard 3.5% down payment, though some lenders may accept scores as low as 500 with a 10% down payment. FHA loans are available for primary residences, and the property must meet specific safety and livability standards. These loans also allow for higher debt-to-income ratios, making homeownership accessible to more buyers.
VA
A VA residential loan is a government-backed mortgage option available to eligible veterans, active-duty service members, and select members of the National Guard and Reserves. One of the key benefits of a VA loan is that it requires no down payment and no private mortgage insurance (PMI), making homeownership more accessible for those who have served our country. To qualify, you must meet service requirements set by the Department of Veterans Affairs and have a valid Certificate of Eligibility (COE). While the VA does not set a minimum credit score, most lenders typically require a score of at least 620. With competitive interest rates and flexible terms, a VA loan offers significant advantages to help you secure your dream home with less financial strain.
USDA
A USDA residential loan is a government-backed mortgage designed to help low- to moderate-income buyers in rural and suburban areas achieve homeownership. To qualify, the property must be located in an eligible rural area as defined by the U.S. Department of Agriculture. USDA loans typically require no down payment, making it an excellent option for first-time homebuyers. Applicants must meet income requirements, which vary based on the location and size of the household, and have a credit score of at least 640 for streamlined approval. With competitive interest rates and low monthly payments, USDA loans provide a fantastic opportunity for qualifying buyers to purchase a home with minimal upfront costs.
Refinance
A refinance loan allows you to replace your current mortgage with a new one, offering the opportunity to lower your interest rate, reduce your monthly payments, or access home equity for other financial needs. Refinancing can be an excellent option if you're looking to reduce your financial burden, consolidate debt, or improve your home’s value. Let us help you explore the best refinance options to meet your goals.