top of page
White Crosses

Loan Types

There are several types of home loans and many ways to structure a mortgage. We will review your home financing options and identify what type of loan is best for your financial needs.

Purchase and Refinance Transactions

Conventional loans are an option for borrowers wishing to purchase a primary residence, second home, or investment property, or for those wanting to refinance. Fannie Mae and Freddie Mac offer a variety of conventional loans with down payment options as low as 5%.

Fannie Mae and Freddie Mac up to 97% LTV 

Fannie Mae and Freddie Mac offer a lower down payment program (3% down payment)  for creditworthy borrowers who might not have the assets available for the larger down payment mortgage programs. A borrower generally must have a good credit history, have acceptable assets to close, a stable employment history, along with having an appraisal ordered for the transaction. This program is for first time homebuyers that have not owned a home in 3+ years.

Fannie Mae HomeReady and Freddie Mac Home Possible

Fannie Mae offers a great program for borrowers wishing to purchase a primary residence with an affordable, lower down-payment mortgage for creditworthy low-to-moderate income borrowers. In addition, this program has some expanded eligibility options for financing homes in lower-income communities (3% down payment). This program is for first time homebuyers that have not owned a home in 3+ years.

Interested in learning more? Ask us which home loan is best for you!

*Please note this is not a comprehensive list of all programs offered.  

bottom of page