FHA Loans

FHA Loans

-  3.50% down payment required on purchase.

-  Post-short sale or foreclosure qualifying: after 3 years.

-  Qualifying flexibility for first-time home buyers.

-  General minimum credit score of 640 (In some cases, down to 600).

Conventional Loans

Conventional/Conforming Loans

-  Buy your primary home for as little as 5% down.

-  Available in 30, 25, 20, 15 and 10-year terms.

-  Loan limits: up to $417,000.

-  Refinance up to 95% of your primary home’s value.

-  Purchase and refinance options for Second Home and Investment properties.

-  Post-short sale qualifying: after 2-4 years.

-  Post-foreclosure qualifying: after 7 years.

Jumbo/High Balance Loans

-  Perfect for loans greater than $417,000.

-  You can still buy your primary home for as little as 5% down.

-  You can still refinance up to 95% of your primary home’s value.

-  Available in 30, 20 and 15-year increments.

Other Loans

VA Loans

-  As a valued veteran, you may be entitled to VA loans.

-  0% down payment required on purchase.

-  Higher allowable debt-to-income ratios than many other loans.

-  Lenders do not require private mortgage insurance (PMI).