Types of Loans Available

YOUR FINANCING OPTIONS

Conventional Loan

Conventional Loans aren't insured or guaranteed by a government agency, they're insured by private lenders. You need to have a higher credit score, lower debt-to-income (DTI) ratio and down payment to qualify, but with the opportunity to cut your mortgage insurance thus lowering your monthly payment, Conventional Loans are extremely popular in todays market.

FHA Loan

A Federal Housing Administration (FHA) loan is a mortgage that is insured by the Federal Housing Administration (FHA) and issued by an FHA-approved lender. FHA loans are designed for low-to-moderate-income borrowers; they require a lower minimum down payment and lower credit scores than many conventional loans. Great for first time home buyers!

Bank Statement Program

What is a bank statement mortgage program? A bank statement mortgage program allows you to verify your income on a mortgage application using documented bank deposits instead of tax forms. Traditional mortgage loans use tax returns, W2s and pay stubs to verify monthly income. Typically, clients who are self-employed and do not show sufficient taxable income to qualify, will apply for bank statement programs to secure their Mortgage Purchase or Refinance.