Loan Types

 
Government Loans
3.50% down payment required on purchase.
Minimum credit score usually 620.
Post-bankruptcy qualifying - 2 years after.
Post-foreclosure qualifying - 3 years after.
Competitive interest rates that are routinely lower than conventional rates.
Sellers can pay up to 6 percent of closing costs and concessions.
Higher allowable debt-to-income ratios than for many other loans.
0% down payment required on purchase.
 
Conforming Loans (amount less than or equal to $417,000)
30-, 25-, 20-, 15- and 10-year terms are all available with fixed rate.
Buy a home with as little as 5% down (primary home).
Refinance up to 97% of your primary home’s value.
Monthly payments remain the same for the entire loan term.
3/1, 5/1, 7/1 and 10/1 ARM's. Monthly payments based on a 30-year repayment schedule.
Provides veterans with flexible lending options and loan security.
The rate stays fixed for the first 3, 5, 7 or 10 years (depending on chosen term), and then adjusting annually thereafter.
 
Super Conforming Loans (amount $417,000 to $625,000)
Monthly payments remain the same for the entire loan term.
Buy a home with as little as 5% down (primary home).
Refinance up to 95% of your primary home's value.
Simple and easy to understand.
Monthly payments based on a 30 year repayment schedule.
Provides veterans with flexible lending options and loan security
The rate stays fixed for the first 5 years, and then adjusting for the remaining 25 years.

 
Jumbo Loans (amount $417,000 or greater)
Monthly payments remain the same for the entire loan term.
Buy a home with as little as 5% down (primary home).
Refinance up to 95% of your primary home's value.
Simple and easy to understand.
Monthly payments based on a 30 year repayment schedule.
Provides veterans with flexible lending options and loan security.
The rate stays fixed for the first 5 years, and then adjusting for the remaining 25 years.