Types of Mortgages

Well suited for borrowers with good credit who can afford a higher monthly payment and who want to pay off their mortgage faster.

• Lower interest rate
• Build equity faster
• No upfront funding fee
• 3% down payment options

Well suited for borrowers with good credit who don’t want the higher payment of a 15 year mortgage but still want a competitive interest rate.

• Lower payments than 15 yr mortgages
• Competitive rates
• No upfront funding fee
• 1% down payment options

Well suited for borrowers with less than perfect credit who still want a competitive interest rate and more purchasing power.

• Easier credit requirements
• More purchasing power
• 1.75% funding fee
• 0% down payment options

Well suited for active-duty military, veterans, or family members who want a zero down loan option with a low interest rate.

• Must be active duty or a veteran
• No monthly mortgage insurance
• Upfront funding fee
• 0% down payment option

Well suited for borrowers with low to moderate income who plan to purchase a home in a rural area.

• Must be in a USDA eligible area
• Income restrictions
• 1% funding fee
• 0% down payment required

Well suited for borrowers looking to purchase high-value properties that exceed conforming loan limits.

• Slightly higher interest rate
• No mortgage insurance
• No upfront funding fee
• 10% down payment options

Well suited for borrowers looking to finance investment properties at competitive interest rates.

• Numerous property types
• No income verification required
• No upfront funding fee
• 10% down payment options

Well suited for borrowers who want to build a custom home with little to no money down.

• One-time close
• Competitive rates
• Interest rate float down option
• 0% down payment option

Well suited for borrowers who do not fit traditional lending guidelines because of their unique financial situations.

• Flexible underwriting requirements
• Alternative income documentation
• Non-traditional credit histories
• Unique financial situations

Well suited for self-employed borrowers with insufficient income reported on tax returns to qualify for a traditional mortgage.

• No tax returns required
• 620 to 660 minimum credit score
• 10% to 20% down payment required
• Primary residences, second homes, investment properties