Loan Programs

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Conventional loans are traditional mortgages not insured by the government, typically requiring a higher credit score (640 Minimum)  and a larger down payment (5%) but offering competitive interest rates. Rates are fixed and financing terms include 15,20,25,30.

FHA loans are backed by the Federal Housing Administration and are ideal for first-time homebuyers or those with lower credit scores, featuring lower down payment requirements. You can purchase a home using an FHA loan with as little has 3.5% down and a 580 credit score. 

ARMs offer an initial fixed interest rate for a specified period, after which the rate adjusts periodically based on market conditions, potentially offering lower initial payments.

Jumbo loans are designed for financing high-value properties that exceed the conforming loan limits set by Fannie Mae and Freddie Mac, requiring stricter credit and income qualifications. Max loan limits usually increase each year, for 2024 the max loan limit before a loan is considered a jumbo is $1,149,825

Bank statement loans cater to self-employed individuals or those with irregular income, using bank statements to verify income instead of traditional documentation like W-2s or pay stubs.

RSU (Restricted Stock Unit) income loans allow borrowers to qualify for a mortgage based on their RSU income, ideal for employees who receive a significant portion of their compensation in stock.

ITIN loans are available for borrowers who do not have a Social Security number but have an Individual Taxpayer Identification Number, often used by non-citizens residing in the U.S.

DSCR (Debt Service Coverage Ratio) loans are primarily for real estate investors, qualifying based on the property’s cash flow rather than the borrower’s personal income, focusing on rental income to cover the mortgage payments.