Mortgage Products
Conventional Mortgage
A conventional home loan mortgage is a type of mortgage not backed by a government agency. Usually require down payments between 10%-20% with borrowers having good credit. Click on the link below to learn more.
Jumbo Mortgage
A Jumbo Mortgage is a type of Non Conforming Mortgage. These types of home loans are over the Federal Housing Finance Agency (FHFA) limit. The 2024 Limit is $766,550 in most areas of the US. Some areas of the US have higher cost of living which the limit for those areas are over the $1,149,825 limit. Therefore most home loans over those limits would be considered Jumbo Loans.
FHA Mortgage
FHA mortgage is a government backed home loan. Some of the benefits of FHA home loans are Low down payment usually 3.5%. Higher Debt to Income ratio's. Borrowers with lower credit scores
VA Mortgage
A VA mortgage is a home loan backed by the US Department of Veterans Affairs. VA mortgages a for individuals who have served in the United States Military. VA does not require a down payment for qualified Military personnel.
USDA Mortgage
A USDA mortgage is backed by the US Department of Agriculture. Designed for low to middle income borrowers that purchase a home in a qualifying rural or suburban designated USDA area. USDA home loans usually do not require a down payment.
