Conventional loans are the most common type of home financing, offering flexible terms and competitive rates for borrowers with solid credit and stable income. Unlike government-backed loans, they’re not insured by the FHA or VA, giving you more property options and higher loan limits in many areas. Whether you’re buying your first home, upgrading to your dream home, or refinancing, conventional loans provide straightforward solutions tailored to your goals.
- 620 minimum credit score
- Accepts all property types
- 50% Debt-to Income ratio
FHA loans are government-backed mortgages designed to make homeownership more accessible, especially for first-time buyers. With lower down payment requirements and more flexible credit guidelines, FHA loans open the door for borrowers who may not qualify for conventional financing. They’re a great option if you’re building credit, need a smaller down payment, or want extra support in reaching your homeownership goals.
- 500 minimum credit score
- Only accepts primary residences
- 47% Housing ratio/57% Debt-to-Income ratio
VA loans are exclusive benefits for veterans, active-duty service members, and eligible military spouses. Backed by the Department of Veterans Affairs, these loans require no down payment, no private mortgage insurance, and often feature lower interest rates than other loan types. VA loans are a powerful way to honor your service while making homeownership more affordable and accessible.
- 500 minimum credit score
- Only accepts primary residences
- Debt-to-Income ratio depend on other qualifying factors
Jumbo loans are designed for homes that exceed conventional conforming loan limits, making them ideal for higher-value properties. Because they aren’t backed by government agencies, jumbo loans often have stricter requirements, including higher credit scores, larger down payments, and strong income documentation. For qualified buyers, they provide the flexibility to finance luxury homes, investment properties, or real estate in high-cost markets with a single mortgage.
A home equity loan (HEL) allows you to tap into the value you’ve built in your home without touching your current mortgage. It’s a completely separate loan with its own fixed interest rate and repayment schedule, giving you access to a lump sum of cash for major expenses like renovations, debt consolidation, or education costs. Because it’s secured by your home, a home equity loan typically offers lower rates than credit cards or personal loans, all while keeping your original mortgage unchanged.
A Home Equity Line of Credit (HELOC) gives you flexible access to your home’s equity without changing your existing mortgage. Unlike a home equity loan, a HELOC works like a revolving line of credit; you can borrow, repay, and borrow again as needed during the draw period. This makes it ideal for ongoing expenses like home improvements, tuition, or covering unexpected costs. With interest-only payment options during the draw period and competitive rates secured by your home, a HELOC offers both flexibility and affordability while leaving your first mortgage untouched.
Bank statement loans are designed for self-employed borrowers, business owners, and independent contractors who may not have traditional W-2 income documentation. Instead of tax returns or pay stubs, lenders review 12–24 months of your personal or business bank statements to verify income and repayment ability. These loans make it easier for entrepreneurs and self-employed individuals to qualify for financing while still enjoying competitive loan terms; without needing to fit into the standard income box.
Debt Service Coverage Ratio (DSCR) loans are tailored for real estate investors who want to qualify based on a property’s cash flow rather than personal income. Instead of reviewing tax returns or pay stubs, lenders look at the rental income the property generates compared to its expenses. If the property can cover its own payments, you may qualify; making DSCR loans a powerful tool for building or expanding rental portfolios. With flexible guidelines and no personal income documentation required, these loans are ideal for investors focused on growth.
