VIEW LOANS

Conventional Fixed 

Most common type of financing

Great for first time home buyers

​Financing up to 95%

30 Years (other terms available)

Jumbo

Usually maxed at 60% financing

​Loans up to $4 million

30 Years term available

Adjustable and fixed rate loans available

VA 

100% financing

​For active duty and honorably discharged veterans

Has an upfront fee

Great for first time home buyers

Has a 'streamline' refinance process

USDA

100% financing

Home must be in USDA designated area 

Has an upfront fee and monthly mortgage insurance fee

Reverse 

Must be 62 years or older

Can be use for purchase or refinance

​Negative amortization 

Adjustable

Financing up to 90%

​Usually carries lower interest rate than the Fixed Rate Mortgage

Usually held for shorter term due to interest rate changes

Normally for savvy investors

FHA 

Up to 96.5% financing

​Gift funds can be used for closing costs and down payment

Carries an upfront fee and monthly mortgage insurance fee

Has a 'streamline' refinance process