Loan Programs
Conventional Loans
Conventional loans are traditional home loans not insured or guaranteed by the government. They typically require higher credit scores and down payments but offer competitive interest rates and flexible terms. Ideal for borrowers with strong credit histories looking for a variety of loan options.
Minimum Credit Score needed: 620
Government Loans
Government loans, such as FHA, VA, and USDA loans, are backed by federal agencies and designed to make homeownership more accessible. They feature lower credit score requirements, reduced down payments, and favorable terms, catering to first-time homebuyers, veterans, and individuals in rural areas.
Minimum Credit Score needed: 580
Downpayment Assistance (DPA)
Down payment assistance (DPA) is a financial program that helps homebuyers pay for a down payment and closing costs. We offer DPA Programs that range from 0% down to 1.5% down and up to $10,000 for closing costs. Down Payment Assistance can be Conventional Loans or Government Loans like FHA.
Minimum Credit Score needed: 580
Alternative Loans
Alternative loans provide flexible financing options for borrowers who may not qualify for traditional loans. These loans cater to individuals with non-standard income, lower credit scores, or unique financial situations. With varied terms and less stringent requirements, alternative loans offer a path to homeownership for a diverse range of borrowers.
Minimum Credit Score needed: 500
Reverse Mortgages
Home Equity Conversion Mortgage (HECM)
A reverse mortgage is a home loan that you do not have to pay back for as long as you live in your home. It can be paid to you in one lump sum, as a regular monthly income, or at the times and in the amounts you want. The loan and interest are repaid only when you sell your home, permanently moves away, or passes away.
Second Mortgages
HELOC/HELOAN
A Home Equity Line of Credit (HELOC) and a Home Equity Loan (HELOAN) are both secured loans that use the equity in your home as collateral. The main difference between the two is that a HELOC is a revolving line of credit, while a HELOAN is a one-time lump sum payment.
Minimum Credit Score needed: 660
Hard Money Loans
A hard money loan is a short-term loan that is secured by real property and is often used in real estate transactions. They are also known as bridge loans. The loans are often used for fix and flip properties, new construction projects, rental property investments, and commercial real estate development.