Loan Programs
FHA | Conventional | Reverse | VA | Jumbo | Farm | Private |
FHA
FHA loans are great for buyers with 3½% down payment and stable employment. Your credit score can be as low as 620. The seller may assist you with the closing costs. View our flyer and learn about the Buy "As Is" then fix up FHA 203 K loan Streamline.
Conventional
Conventional loans have the very best rates but usually require credit scores of 660 or better and stable employment. To get this loan without mortgage insurance, a borrower needs to put 20% down payment.
Reverse Loans
If you are 62 years of age or older you may want a Reverse Mortgage. With a Reverse Mortgage, you will never have any monthly payments and you can have cash or a monthly income for as long as you live in your home, or pay off an existing loan. For more information, visit our Reverse Mortgage page. Please click here to contact a reverse loan specialist in your area.
VA loans will give the Veteran a 100% loan. The seller may even pay all of the closing costs.
Jumbo
Jumbo loans are conventional loans over $417,000.
Farm
Farm loans require a substantial down payment (on the order of 30%); however, the rates are great. Past farming experience does help. Seller carry back loans are often allowed to reduce the down payment.
Private
Private loans are fast. Private loans are for unusual buyer situations and unusual property (credit is not that important). Private loans are up to 60% loan to value and may have interest only payments. Seller carry back is usually permitted.
