Home Loan Programs
Conventional Loans
Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment.
FHA Loans
It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.
USDA Loans
A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.
VA Loans
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.
DSCR Loans
A DSCR (Debt Service Coverage Ratio) loan is a financing option designed for real estate investors, where qualification is based primarily on the property's rental income rather than the borrower's personal income. This type of loan can make it easier for investors to purchase or refinance income-producing properties while expanding their real estate portfolio.
Not all programs are available in all areas. Not all borrowers will qualify for all programs. Program restrictions apply. This is not an offer or extension of credit or a commitment to lend. All loan programs are subject to the specific lender's underwriting guidelines and available loan terms. Approvals may be subject to appraisals and other documentation requirements. Please contact Danh to determine eligibility. The information on this site is not intended for consumers of any other state. To determine broker or loan originator eligibility please visit www.nmlsconsumeraccess.org. The Loan Originator named in this advertisement is licensed in the following states only: AL, AZ, AR, CA, CO, CT, DE, D.C., FL, ID, IA, KS, KY, ME, MD, MI, MN, MO, NE, NH, NM, ND, OH, OK, OR, PA, SD, TN, TX, UT, VA, WA, WI, WY
