Loan programs
The right loan,
tailored.
Whether you're buying your first home, refinancing, or growing a rental portfolio — there's a loan program built for your situation. Each page covers down payment, credit, eligibility, pros and cons, and the documents you'll need.
Category
Conventional
-
Conventional Loans
Conventional loans aren't backed by a government agency, follow Fannie Mae and Freddie Mac guidelines, and reward strong credit with the lowest rates and most flexible terms available.
- Down
- 3%–5% depending on qualifying factors
- Credit
- 620
-
Jumbo Loans
Jumbo loans finance home purchases above the annual conforming loan limit set by the FHFA. They require stronger credit and reserves but offer competitive pricing on luxury and high-cost area properties.
- Down
- 10%–20% depending on loan size and credit profile
- Credit
- 700 typical; 740+ for best pricing
Category
Government-Backed
-
FHA Loans
FHA loans are insured by the Federal Housing Administration and let you buy with as little as 3.5% down and a 580 credit score, making them a top choice for first-time buyers and credit rebuilders.
- Down
- 3.5% (with 580+ credit) or 10% (with 500–579 credit)
- Credit
- 580 (most lenders); 500 with 10% down depending on qualifying factors
-
VA Loans
VA loans are guaranteed by the Department of Veterans Affairs and let eligible veterans, active-duty service members, and surviving spouses buy with zero down payment and no monthly mortgage insurance.
- Down
- 0%
- Credit
- Most lenders require 580–620; the VA itself sets no minimum
-
USDA Loans
USDA loans are backed by the U.S. Department of Agriculture and offer 100% financing for low- to moderate-income buyers in eligible rural and suburban areas.
- Down
- 0%
- Credit
- 640 (most lenders)
Category
Non-QM & Alternative Income
-
Bank Statement Loans
Bank statement loans qualify self-employed borrowers using 12 or 24 months of business or personal bank statements instead of tax returns — perfect for owners whose tax returns understate true cash flow.
- Down
- 10%–20% depending on credit and program
- Credit
- Can go as low as 620 depending on qualifying factors; best pricing at 700+
-
ITIN Loans
ITIN loans let borrowers who file U.S. taxes with an Individual Taxpayer Identification Number — instead of a Social Security number — buy a home. They're a path to homeownership for non-citizen workers and entrepreneurs.
- Down
- 10%–20%
- Credit
- Some programs allow no traditional credit; with credit, 620+
-
Non-QM Loans
Non-Qualified Mortgage (Non-QM) loans are designed for borrowers whose income, credit, or property doesn't fit the strict Qualified Mortgage rules — including investors, self-employed, foreign nationals, and recent credit-event borrowers.
- Down
- 10%–25% depending on program
- Credit
- 620–680 depending on program (some asset-based programs accept 600)
Category
Home Equity
-
HELOC
A Home Equity Line of Credit (HELOC) is a revolving credit line secured by your home's equity. You draw funds as needed during the draw period and repay flexibly — like a credit card backed by your house.
- Down
- N/A — based on existing equity (typically need 15%–20% remaining equity after the line)
- Credit
- 680 typical; some lenders accept 660
-
Home Equity Loan
A home equity loan lets you borrow a one-time lump sum against your home's equity at a fixed rate and fixed monthly payment — ideal when you know exactly how much you need and want predictable repayment.
- Down
- N/A — based on existing equity (typically need 15%–20% remaining equity after the loan)
- Credit
- 680 typical; some lenders accept 660