Home Loan Programs
Conventional Loans
Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment.
FHA Loans
It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.
USDA Loans
A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.
VA Loans
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.
Jumbo Loans
Jumbo Loans are mortgage loans that exceed the conventional loan limits set by Fannie Mae and Freddie Mac. In most areas, that limit is $806,500 in 2025. Typically, jumbo loans are used for higher-priced homes and luxury properties. Many people assume jumbo loans come with much higher rates and are very difficult to qualify for. However, jumbo loans can offer very competitive rates and flexible options for well-qualified borrowers. Usually, jumbo loans require strong credit, solid cash reserves, low debt obligations, and reliable income. Jumbo loans are ideal for borrowers with a strong financial profile who are purchasing a home above the conventional loan limit.
Private Money
Private Money Loans are real estate loans funded by individual investors or private lending companies instead of traditional banks. They are known for faster closings, flexible terms, and a stronger focus on the property’s value rather than just personal income. While rates are usually higher, private money can be a powerful option for investors using short-term strategies like fix-and-flips or bridge financing.
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