A conventional is not insured or guaranteed by the government and falls into either the conforming and non-conforming (Jumbo) loan limit range. Conventional loans typically are qualified as full documentation, meaning the lender will ask you to document the four C’s, Credit, Capacity, Capital and Collateral.

An FHA loan is insured by HUD and allows for lower down payments, credit scores and has less restrictive debt-to-income ratio requirements. Mortgage Insurance is required allowing this loan program to have less restrictive qualifying guidelines.

The VA home loan is available to eligible active duty, veteran, reserve and national guard service members. There is no down payment requirement or monthly mortgage insurance, and the loan has lower rates than conventional loans. 100% cash out options are available. Thank you for your service and we look forward to serving you!