A conventional mortgage is a home loan that isn’t guaranteed or insured by the federal government which is Fannie Mae or Freddie Mac. Conventional loans can go up to 97% loan to value.

Jumbo loans start at $647,200, usually requires higher credit score, lower debt to income with LTV’s to 90%.

The VA loan is a $0 down payment mortgage option available to Veterans, Service Members and select military spouses.

An FHA loan is a mortgage that’s insured by the Federal Housing Administration (FHA). FHA loans are great for borrowers whose credit is not so great and have little down payment. FHA loans to value can go up to 96.5% on purchases and 97.5% on refinances.

Also known as alternative documentation loans. Most Alt-A loans aren’t typically full doc meaning you can use bank statements, self-prepared P&L, 1099 only, and VOE instead of tax returns for income. We also have stated income loans for investment properties and DSCR (debt service ratio) loans with 1-4 units.

A reverse mortgage is a type of home equity loan that’s reserved for older homeowners and does not require monthly mortgage payments.