FHA Loans (Federal Housing Administration)

FHA loans are government-backed mortgages that help make homeownership more accessible for buyers with moderate income, limited savings, or lower credit scores. These loans offer flexible qualification guidelines and a low down payment option.

Key features of the FHA loan program include:

• Minimum credit score of 580 with just 3.5% down
• Scores between 500–579 may qualify with 10% down
• Flexible income and employment guidelines
• Debt-to-income ratios up to 50% may be allowed
• Available for 1–4 unit properties (must live in one unit)

If you’re a first-time buyer or someone looking for a more flexible path to homeownership, FHA may be the right choice. Contact us to find out if you qualify or to get started on your approval.

Conventional Loans

Conventional loans are the most common type of mortgage, ideal for borrowers with strong credit and stable income. These loans are not insured or guaranteed by the government and offer a wide range of options for both homebuyers and investors.

Key features of conventional loan programs include:

• Minimum credit score typically starts at 620
• Down payments as low as 3% for qualified buyers
• No upfront mortgage insurance required (unlike FHA)
• Private mortgage insurance (PMI) can be removed once equity reaches 20%
• Available for primary residences, second homes, and investment properties
• Flexible loan terms (fixed-rate and adjustable-rate options)

Conventional loans offer flexibility and competitive rates for buyers who meet standard qualification criteria. Contact us to find out if a conventional loan is the right fit for your home financing goals.

VA Loans (Veterans Affairs)

VA loans are a benefit offered to veterans, active-duty service members, and eligible surviving spouses. Backed by the U.S. Department of Veterans Affairs, these loans provide flexible and affordable home financing with no down payment required.

Key features of VA loans include:

• No down payment required (100% financing)
• No monthly mortgage insurance (PMI)
• Competitive interest rates
• Flexible credit and income requirements
• Available for primary residences only
• One-time VA funding fee (may be financed into the loan)

If you’re eligible for a VA loan, this program can help you achieve homeownership with fewer financial barriers. Contact us to learn more or begin your VA loan application.

Fannie Mae & Freddie Mac Loans

Fannie Mae and Freddie Mac are government-sponsored enterprises (GSEs) that offer conventional mortgage programs for eligible buyers and homeowners. These loans provide flexible terms and competitive rates for both purchases and refinances.

• Minimum credit score of 620 required
• Down payments as low as 3% for first-time buyers
• Debt-to-income ratio under 36% preferred
• Proof of stable income and ability to repay the loan
• May require 2–6 months of cash reserves
• Available for primary residences, second homes, and investment properties
• Fixed-rate and adjustable-rate mortgage options
• Private mortgage insurance (PMI) can be canceled once you reach 20% equity in the home

Fannie Mae and Freddie Mac loans are versatile and accessible for qualified borrowers. Contact us to learn more or get started.