Home loan programs we offer
Conventional Home Loans
Is a conventional loan right for you?
If you’re looking for a mortgage with low fees, a conventional home loan may be a good option for you. If you are eligible, there are a number of benefits.
Conventional loan eligibility requirements
- A good credit score of 620 or higher
- A down payment which can be as little as 3%
- Consistent and documented income A low debt-to-income ratio
Benefits of a conventional loan
Save Money: With a down payment of 20% or more, you won’t need to pay for mortgage insurance.
Flexible Terms: Choose what mortgage term works best for you! Options include 30, 20, 15, and 10 year terms.
Low Down Payment Option: It’s possible to take out a conventional loan with a down payment of just 3%.
FHA Home Loans
Is a FHA loan right for you?
Worried about a low credit score or not being able to afford a large down payment? With less strict requirements, a FHA home loan may be the right loan for you.
Benefits of a FHA loan
- FICO Flexibility: The FHA home loan has less strict FICO score requirements, allowing more people to qualify for a home loan.
- Gift Funds Allowed: Gift funds are allowed for the down payment, which means your family can help.
- Flexible Qualification: Requirements for an FHA loan are generally more relaxed compared to other loans.
FHA loan eligibility requirements
- Credit score higher than 580 with 3.5% down
- Ability to cover 3.5% down payment
- Reasonable debt-to-income ratio
- Home must be the borrower’s primary residence
- No changing your employment status
VA Home Loans
Is a VA loan right for you?
VA loans are government-backed loans intended to help eligible service members, veterans, and military spouses to purchase homes. These loans come with great rates and payment terms, and require no down payment. Are you an active military member, veteran, reservist, or surviving spouse? You may be eligible for a VA loan!
Benefits of a VA loan
- No money down: Purchase or refinance at 100% of the home’s value.
- Fast processing: Let our VA team guide you through a fast and easy process.
- Multiple uses: Use your VA loans to purchase property, refinance an existing loan, and even to build or improve your home.
- Save on mortgage insurance: VA loans don’t require mortgage insurance no matter how much deposit you put down.
VA loan eligibility requirements
- Qualifying military member or veteran
- Satisfactory credit
- Sufficient income
- Purchased property must be primary residence
USDA Home Loans
Is a USDA loan right for you?
The USDA Mortgage is meant to spur homeownership in pre-designated rural and underdeveloped areas. Take advantage of a 0% down-payment with this program!
Benefits of a USDA loan
- 100% financing: That’s right! This program offers 100% financing for qualifying members.
- First time buyer friendly: USDA Rural Loans can be used by first-time buyers and repeat home buyers alike.
- No homeowner counseling required: Unlike some other mortgage programs, the USDA program doesn’t require a homeowner counseling course to qualify.
USDA loan eligibility requirements
- Ability to prove creditworthiness, typically with a credit score of at least 640
- Stable and dependable income
- A willingness to repay the mortgage – generally 12 months of no late payments or collections
- Adjusted household income is equal to or less than 115% of the area median income
- Property serves as the primary residence
- Property is located in a qualified rural area
Jumbo Home Loans
Is a jumbo loan right for you?
Need a bigger loan for your property? Then a jumbo loan might be right for you. While similar to conventional loans, jumbo mortgages exceed the amount of conventional conforming loan limits. With larger loans come increased risk, so keep in mind that jumbo loan qualification requirements can be stricter.
Benefits of a jumbo loan
Purchasing a high end home: Consider a jumbo loan if you need a loan that exceeds your county’s conforming loan limit.
Eliminate the need to have multiple loans: Provides the convenience of one loan for the entire loan amount, with a variety of options.
Save on mortgage insurance: Since a 20% down payment is often required for jumbo loans, private mortgage insurance isn’t always required.
Jumbo loan eligibility requirements
- Good credit score
- A deposit of 20% or higher
- Proof that you are able to repay the loan
- Statement of assets
Renovation Home Loans
Is a renovation loan right for you?
Purchase and fix up your dream home with a rehab home loan. A rehab loan lets you include the cost of home improvements and repairs into a new home loan. Finance your home’s purchase price and any repairs or upgrades to be made in one mortgage.
Benefits of a renovation loan
- Save Money: Combine your rehab loan and your mortgage into a single home loan, which limits your loan closing costs.
- Buying or refinancing: Our rehab loan is available to both buyers and refinancing households.
- Expanded Options: Find the right rehab loan whatever your home improvement project and needs.
Renovation loan eligibility requirements
- Good credit score
- Down payment of 3.5% or more
- Self-occupancy of the property
- Debt-to-income ratio below 45%
Meet the Experts Behind 629 Loan
A trusted team of mortgage professionals dedicated to guiding you every step of the way.