A Conventional Loan is the most common type of mortgage and is not insured or guaranteed by the government. Instead, lenders base approval on the borrower’s creditworthiness and financial stability.

For first-time homebuyers, the minimum down payment for a single-family home is as low as 3%. For other buyers, the minimum is 5%. If you put less than 20% down, your monthly mortgage payment will include Private Mortgage Insurance (PMI), which protects the lender in case you’re unable to make your payments.

To eliminate PMI, you can either make a 20% down payment upfront or request its removal once your loan balance drops to 80% of the home’s original value.

Unlike FHA loans, Conventional Loans don’t require upfront fees like FHA or VA loans. However, they typically have stricter credit requirements. This makes them a popular option for borrowers with good credit, stable income, and sufficient savings for a down payment.

Home loans provided by the Federal Housing Administration (FHA) may make it easier for you to buy a home. For an FHA loan a down payment of 3.5% is required. Borrowers who cannot qualify for a conventional mortgage may consider an FHA loan. FHA loans are more flexible with debt to income requirements and also lower credit scores (with the borrower meeting some extra eligibility criteria).

An FHA loan is a mortgage loan that is insured by the Federal Housing Administration (FHA). Essentially, the federal government insures loans for FHA-approved lenders in order to reduce their risk of loss if a borrower defaults on their mortgage payments.

The FHA program was created in response to the rash of foreclosures and defaults that happened in 1930s; to provide mortgage lenders with adequate insurance; and to help stimulate the housing market by making loans accessible and affordable. I’ll help you clearly see differences between loan programs, allowing you to choose the right one for you whether you’re a first-time home buyer or a repeat buyer.

If you’re a military veteran or still in active service, you may qualify for a U.S. Department of Veterans Affairs (VA) loan. These often require no down payment and have lower closing costs, which can help keep your savings secure. A VA loan is a mortgage loan in the United States guaranteed by the U.S. Department of Veterans Affairs (VA). The loan may be issued by qualified lenders. The VA loan was designed to offer long-term financing to eligible American veterans or their surviving spouses (provided they do not remarry).

There are many benefits of a USDA home loan. Borrowers who qualify for a USDA home loan have the flexibility to pay nothing out of pocket for a down payment. USDA eligibility is based on several factors–location of the home, income limits for all future occupants of the home and certain safety standards the home has to meet. USDA loans are also more strict with debt to income requirements. 

A jumbo loan is a loan that exceeds the conforming loan limits as set by Fannie Mae and Freddie Mac. The national conforming loan limit for a single-family home in 2025 is $806,500, which is a 5.2% increase from 2024. However, the limit is higher in high-cost areas, where it can reach up to $1,209,750. 

Conforming loan limits are set by the Federal Housing Finance Agency (FHFA) each year to keep up with rising home prices. They determine the maximum amount that Fannie Mae and Freddie Mac will purchase or guarantee for a mortgage.

There are many benefits to jumbo loans. One of the biggest benefits is that financing options are available up to $3,000,000. This may provide convenience to many borrowers

Non QM loan products are loans that do not fit the 'standard' loan programs–such as: Bank Statement, P&L loans, DSCR, Investment, HELOCs, Commercial, Stated Income and several more. I will help you assess which product best fits your needs!

An FHA 203K loan is a loan backed by the federal government and given to buyers who want to renovate a home. An FHA 203K loan allows the borrower to finance the home, plus provides financing to do the necessary renovations to the home.