Loan Programs
FHA, VA, jumbo & DSCR loan programs.
Eight programs, one broker. We shop your scenario across our wholesale lender network to find which of these actually fits your finances and goals.
Every Program
Eight ways to finance a home.
Every program we shop, with what it's actually built for.
30-Year Fixed
One interest rate for the full life of the loan, with the lowest monthly payment of any fixed-rate term. The default choice for most buyers.
- Predictable payment for up to 30 years
- Available on conventional, FHA, and VA
- Best when maximizing monthly cash flow matters
15-Year Fixed
A shorter term with a lower rate than its 30-year counterpart. You'll pay more per month but far less total interest.
- Own your home free and clear in half the time
- Typically 0.5-0.75% lower rate than a 30-year
- Best if you can afford the higher payment
Adjustable Rate
A lower fixed rate for an initial period, commonly 5, 7, or 10 years, before adjusting periodically with the market.
- Lower initial rate than a comparable fixed loan
- Smart if you plan to move or refinance before adjustment
- Rate caps limit how much it can rise per period
FHA
Backed by the Federal Housing Administration, with down payments as low as 3.5% and more forgiving credit requirements.
- Credit scores from 580 considered
- Gift funds allowed for the full down payment
- Mortgage insurance premium typically required
VA
For eligible service members, veterans, and surviving spouses. Often with no down payment and no monthly mortgage insurance.
- No down payment required for most eligible borrowers
- No monthly private mortgage insurance
- Competitive rates backed by the VA guaranty
Jumbo
Financing for loan amounts above conventional conforming limits, for higher-value homes or high-cost markets.
- Typically requires a 700+ credit score
- Larger cash reserves usually required
- Fixed and adjustable-rate options available
DSCR
Qualifies on the property's rental income rather than your personal income. Built for real estate investors and portfolio landlords.
- No personal income or employment verification
- Qualification based on projected rental cash flow
- Popular for buying and scaling a rental portfolio
Bank Statement
Uses 12-24 months of personal or business bank statements instead of tax returns, for business owners whose returns understate real income.
- No tax returns required to qualify
- Built for 1099 earners and business owners
- Deposits, not net income, drive qualification
Not sure which fits? Call us and we'll price your scenario across programs and show you the difference side by side. Ready to move forward? Start your application.
Questions
Loan programs, answered.
What's the difference between FHA and conventional loans?
FHA loans are government-backed, allow down payments as low as 3.5%, and have more flexible credit requirements, but carry mortgage insurance that often lasts the life of the loan. Conventional loans can require stronger credit but let you drop mortgage insurance once you reach 20% equity.
Do I need 20% down to avoid PMI?
On a conventional loan, yes. 20% equity is the standard threshold to avoid private mortgage insurance, though it automatically cancels once you reach 22% equity through payments. Some programs, like VA loans, avoid mortgage insurance entirely regardless of down payment.
What is DSCR and who qualifies?
DSCR stands for Debt Service Coverage Ratio. Instead of qualifying on your personal income, the property's projected or actual rental income is compared to its mortgage payment. It's built for real-estate investors, including self-employed investors who don't show strong income on tax returns.
Can self-employed borrowers qualify for a mortgage?
Yes. Bank statement loans let self-employed borrowers and 1099 earners qualify using 12-24 months of bank deposits instead of tax returns, which often understate income after deductions. Conventional and FHA loans are also available with two years of tax returns.
What credit score do I need for a jumbo loan?
Jumbo loans typically require a credit score of at least 700, a lower debt-to-income ratio, and larger cash reserves than conventional financing, since the loan amount exceeds standard conforming limits. Exact requirements vary by lender.
Are VA loans only for active-duty service members?
No. VA loan eligibility extends to active-duty service members, veterans, members of the National Guard and Reserves who meet service requirements, and eligible surviving spouses. Most eligible borrowers can buy with $0 down and no monthly mortgage insurance.