From conventional loans to FHA loans, VA loans and more - we have the right products to meet your unique needs, and the loan officers to help guide you through every step of the process.
A conventional mortgage is one that’s not guaranteed or insured by the federal government.Most conventional mortgages are “conforming,” which simply means that they meet the requirements to be sold to Fannie Mae or Freddie Mac. Fannie Mae and Freddie Mac are government-sponsored enterprises that purchase mortgages from lenders and sell them to investors.
An FHA loan is a government-backed mortgage insured by the Federal Housing Administration, or FHA for short. Popular with first-time homebuyers, FHA home loans require lower minimum credit scores and down payments than many conventional loans. Although the government insures the loans, they are offered by FHA-approved mortgage lenders.
The VA loan is a $0 down mortgage option available to Veterans, Service Members and select military spouses. VA loans are issued by private lenders, such as a mortgage company or bank, and guaranteed by the U.S. Department of Veterans Affairs (VA).
A USDA home loan is a zero down payment mortgage for eligible rural and suburban homebuyers. USDA loans are issued through the USDA loan program, also known as the USDA Rural Development Guaranteed Housing Loan Program, by the United States Department of Agriculture.
Jumbo loans exceed maximum conforming loan limits, which the Federal Housing Financing Agency (or FHFA) sets based on Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) guidelines. Most parts of the country have one maximum loan amount for conforming loans. In some high-cost areas, such as Washington D.C. and certain California counties, the threshold for the maximum conforming loan is raised.
Any home loan that doesn't comply with the QM rules is called non-QM. A non-QM loan is not necessarily a high-risk loan, it's merely a loan that doesn't meet the QM standards. Examples of a non-QM loan include interest-only or limited/alternative documentation loans.