Conventional loans are not insured by the FHA or VA. Generally, these are a good option if you have a higher credit score and stable employment history. Interest rates for conventional loans are usually some of the lowest.
Home Possible® is a Freddie Mac loan program designed to bring homeownership within reach to more borrowers. Home Possible® offers low down payments and easier credit scores.
HomeReady™ is a Fannie Mae loan program that is designed to extend the privileges of homeownership to buyers with limited household incomes.
If you are a first-time homebuyer an FHA Loan might be a good choice for its relaxed requirements.
If you currently have an FHA mortgage, an FHA Streamline Refinance offers several options.
If you are a military veteran or a service member you may have access to buy your next home using a VA Loan.
A VA Streamline Refinance, or IRRRL, provides you with a faster way to lower or lock in your interest rate with limited costs.
If you are looking to buy a home in a rural location, a USDA Loan can be ideal if you do not qualify for a conventional loan
An attractive jumbo mortgage for those who are unable to secure traditional lending due to a recent credit event or looking to purchase or refinance a non-warrantable condo.
A smart option for self-employed borrowers seeking the home financing they need and wish to use bank statements to qualify.
A smart option for experienced real estate investors with complex finances. Finance your next investment property owned for business purposes.
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NEW! Construction Loans - 1 Step Construction Loans
MSHDA Mortgage Loans - Down Payment Assistance up to $10,000
HELOC - Home Equity Line of Credit Mortgage Loans
To apply for a loan, you need to document your finances. You’ll discover exactly what you need as you go through the application process, but it’s never too early to gather documentation. Some items you will need are:
Give yourself a few days to get this information. You may need to request documents by mail or wait for others to fulfill your requests.
Once you’ve narrowed down the field, apply for the loans you’re considering. That’s the only way to get a detailed, quote. Plan to spend roughly 45 minutes on your first application, and the next two applications should go more quickly.
Residential history: You’ll need to provide your current address as well as the addresses of any former residences during the previous two years. You’ll also need to list how much you spend on housing so that your current expenses can be compared to a new loan payment.
Income: Explain your income, including details about how you earn that income. At this point in the process, a total income amount is not sufficient—you need to break it down. For example:
Base income (salary or wages)