Loan Types
Understand the different loan types to see which might be best for you.
FHA Loans
Lower Down Payment Options
An FHA loan can help you purchase your next primary home with as little as a 3.5% down payment. There are purchase options available for single family homes as well as 2 to 4-unit properties where you occupy one of the units, and eligible townhomes and condos.
Co-Applicants Accepted
Having a co-applicant on your loan can help you to qualify more easily. While co-applicants aren't required to occupy the property, they are responsible for the mortgage obligation and are often referred to as non-occupying co-borrowers.
Mortgage Insurance Required
A monthly Mortgage Insurance Premium (MIP) is required on all FHA loans and varies based on the amount of your down payment. Avoid paying this fee by making at least a 20% down payment on a Conventional loan, or by refinancing once you have 20% equity in your home.
Gift Funds May Be Accepted
Financial gifts (from eligible donors) can be used towards your down payment, fees, and closing costs. A gift letter may be required, stating that the funds are in fact a gift and no repayment is expected.
Is an FHA Loan Right For You?
Apply online or learn more about FHA Loans!
Conventional Loans
Competitive Pricing
Competitive pricing can make a big difference in your monthly mortgage payment and the interest you will pay over the life of your loan. Conventional loan pricing rewards you for having higher credit scores, lower debt-to-income, and more equity in your home.
Wide Range of Loan Terms
Our experts will help you choose from a 30, 25, 20, 15, or 10 year loan term to fit your financial needs and goals. Whether you're looking for a fixed-rate or an adjustable-rate option, we make it simple and easy.
More Flexible Qualifying Criteria
Conventional loans are available to those who have a debt-to-income ratio up to 50%, with other compensating factors.
Avoid Mortgage Insurance
Avoid paying for private mortgage insurance (PMI) by making at least a 20% down payment with a conventional loan. If you aren't putting 20% down, having a lower loan-to-value percentage typically results in a less expensive PMI premium as well (15% down versus 10% down, for example).
No Prepayment Penalties
Paying off a debt sooner than you've planned is a cause for celebration. You'll never pay a prepayment penalty for achieving your financial goals.
Gift Funds May Be Accepted
Financial gifts (from eligible donors) can be used towards your down payment, fees, and closing costs. If the gift funds will be less than 20% of the purchase price, then you may need to contribute a minimum of 5% from your own funds towards the down payment as well.
Ready to Get Started?
Apply online or learn more about our conventional loans!
VA Loans
0% Down Payment
Realize your dreams of homeownership without having a down payment requirement. VA loans allow for 100% financing for eligible servicemembers.
Competitive Pricing
VA loans offer our active-duty military, veterans, and surviving spouses some of the most affordable mortgage options available.
More Flexible Qualifying Criteria
While there is no pre-determined debt-to-income ratio to qualify for a VA loan, our experts will review your complete financial profile, including your income, assets, and credit to make the purchase or refinance process simple and easy.
No Private Mortgage Insurance
Avoid paying for private mortgage insurance (PMI) with a VA loan. No mortgage insurance is required, no matter what your loan-to-value percentage is.
No Prepayment Penalties
Paying off a debt sooner than you've planned is a cause for celebration. You'll never pay a prepayment penalty for achieving your financial goals.
Continued Refinance Benefits
VA loans are eligible for Interest Rate Reduction Refinance Loans (IRRRLs) if lower interest rates or more favorable terms come available. This benefit often comes with reduced documentation requirements, appraisal waivers, and reduced subsequent-use funding fees.
Get Started With a VA Loan!
Apply online or learn more about our VA loans!
Jumbo Loans
Largest Loan Sizes
When you are planning on going over and above the loan limits for your county, a Jumbo loan gives you options to get exactly what you want in your next home and your next mortgage.
Competitive Pricing
Competitive pricing can make a big difference, especially in high-cost areas across the country. Our experts will help you maximize your purchase power and minimizing the amount of interest you will pay over the life of your Jumbo loan.
No Private Mortgage Insurance
Private mortgage insurance (PMI) is not available for Jumbo loans, so a down payment of 20% or more is required for primary homes. Second homes and investment properties may require even more.
No Prepayment Penalties
Paying off a debt sooner than you've planned is a cause for celebration. You'll never pay a prepayment penalty for achieving your financial goals.
Is a Jumbo Loan Loan Right For You?
Apply online or learn more about Jumbo Loans
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