Conventional loans are mortgages not insured by the government. These home loan programs offer flexible terms, fewer restrictions, and competitive rates for borrowers with good credit and stable income. They can be used to purchase a primary residence, second home, or investment property. Ideal for buyers who can make a larger down payment and meet standard loan guidelines.
FHA loans are home loan programs insured by the Federal Housing Administration. They offer lower down payment options and flexible credit requirements, making them popular with first-time buyers and those with less-than-perfect credit. Borrowers can put down as little as 3.5%. These loans are designed to make homeownership more accessible for a wider range of buyers.
VA loans are home loan programs guaranteed by the Department of Veteran Affairs. They offer no down payment, no private mortgage insurance (PMI), and competitive interest rates. Available to eligible veterans, active-duty service members, and surviving spouses, VA loans are a powerful tool for those who’ve served, offering flexible credit terms and lower upfront costs.
The 1% Down Conventional Loan helps qualified buyers purchase a home with just 1% down. The lender adds 2% of the price, up to $7,000. These home loan programs are available to first-time buyers who meet income limits and have strong credit. It’s a great option for buyers with limited savings who still want a conventional loan structure.
DPA Advantage is one of the FHA home loan programs offering a silent second mortgage for the 3.5% down payment. No interest or payments are due, and it’s forgiven after 36 on-time payments. While rates may be slightly higher, it’s ideal for buyers with flexible credit and limited funds who need help with upfront costs.
FHA 203K loans are home loan programs that finance both the purchase and renovation of a home. Repairs are completed by a licensed contractor under HUD supervision. This option is great for buyers willing to renovate a property and roll all costs into one loan, simplifying the process and expanding inventory choices.
The ITIN 85 Program is one of several home loan programs designed for buyers without a Social Security Number. It allows qualified borrowers to use an Individual Taxpayer Identification Number (ITIN) to finance up to 85% of a home’s purchase price. With no PMI and flexible credit guidelines, this option helps immigrant and non-traditional buyers achieve homeownership despite limited access to traditional financing.
The FHA Streamline Refinance is a home loan program designed for current FHA borrowers who want to lower their interest rate quickly. It requires no new appraisal, minimal documentation, and limited fees. While it doesn’t allow for significant cash out, it’s one of the most efficient home loan programs for reducing monthly mortgage payments and improving loan terms without the hassle of a full refinance.
No Score Conventional Loans are home loan programs that allow buyers with no credit score to qualify using alternative credit, like rent or utility payments. With up to 90% loan-to-value and traditional underwriting, it’s a smart option for borrowers with strong income and savings but limited credit history. This program helps many people who are building credit for the first time get approved and start their path to homeownership.
