Loan Program Options

Conventional loans are not backed by the government and typically follow Fannie Mae or Freddie Mac guidelines. These are ideal for borrowers with strong credit and stable income.

• Minimum 3% down for qualified buyers
• Competitive interest rates
• No upfront mortgage insurance
• Ideal for primary, second homes, and investment properties

FHA loans are government-backed by the Federal Housing Administration and are popular with first-time buyers or those with limited credit history.

• As little as 3.5% down payment
• Flexible credit and income requirements
• Mortgage insurance required
• May allow gift funds for down payment

VA loans are available to eligible veterans, active-duty service members, and surviving spouses. Backed by the U.S. Department of Veterans Affairs.

• 0% down payment required
• No private mortgage insurance (PMI)
• Competitive rates and flexible credit requirements
• Great for purchase or refinance of a primary residence

Jumbo loans are designed for homebuyers needing a loan amount that exceeds the conforming loan limits (which vary by area).

• Higher loan limits for luxury or high-cost areas
• Typically require a higher credit score and larger down payment
• May offer interest-only or ARM options
• Great for primary or secondary residences

Non-QM loans are designed for borrowers who don’t meet traditional lending guidelines—such as self-employed individuals or those with non-traditional income.

• Bank statement loans (no tax returns needed)
• Asset-based loans and interest-only options
• Flexible income documentation
• Ideal for self-employed, investors, or credit-challenged borrowers

Foreign National loans are designed for non-U.S. citizens looking to purchase property in the U.S., often without U.S. credit or income.

• No U.S. credit score required
• Passport and foreign bank statements accepted
• Typically 25–30% down payment
• Great for investors and second home buyers
• Common for citizens of Canada, Mexico, the U.K., and more

210-204-8249 Direct or tkrug@210mortgage.com