Products
CONVENTIONAL
Conventional mortgages are the most popular option for borrowers and are also the most well-known for both purchase and refinance. Conventional loans based on FNMA and FHLMC guidelines are offered by independent mortgage companies. Borrowers can choose anywhere between a 10 to a 30-year term with fixed or adjustable rate options.
FHA
A FHA mortgage loan is insured by the Federal Housing Administration (FHA), which is a part of the US Department of Housing and Urban Development (HUD). FHA loans are designed to make homeownership more accessible to low to moderate income and first-time homebuyers with low down payments.
TRUE ZERO
True ZERO FHA is a down payment assistance (DPA) loan that provides the homebuyers 100% financing and requires 0% down payment. This is achieved through a first and second mortgage. The amount of the second mortgage is up to 3.5% equal to the lessor of the sales price or the appraised value.
USDA
A USDA Rural Development Loan is a home loan guaranteed by the United States Department of Agriculture (USDA) and originated through approved private lenders. USDA loans are designed to encourage homeownership in eligible rural and suburban areas and offer 100% financing for qualifying borrowers.
VA
A Mortgage Program available to eligible Veterans, active-duty service members and certain qualifying spouses, guaranteed by the US Department of Veterans Affairs (VA). VA loans are designed to help veterans and their families purchase homes, including ZERO Down Payment. These loans are guaranteed by the Veterans Administration.
LUX JUMBO
A Non-Agency Jumbo Loan is a type of mortgage that exceeds the conforming loan limits set by FHFA and applicable FHA/VA loan limits. These loans are used to finance higher-priced properties, typically those with values above the limits set forth by FNMA/FHLMC and HUD.
SHARP NON-QM
A Non-QM (Non-Qualified Mortgage) loan is a type of mortgage loan that does not meet the qualified mortgage (QM) standards set forth by (CFPB). Non-QM loans are often tailored to borrowers who may not qualify for traditional QM loans due to reasons such as self-employment income, unique financial circumstances, or complex income structures.