Which Mortgage is Right for Me?

Conventional Loans

Features:

  • Loans meet the income and minimum 5% down payment requirements set by Fannie Mae and Freddie Mac
  • Available for primary residences, second homes and investment properties
  • Borrowers who put at least 20% down don't have to pay for mortgage insurance

FHA Loans

Features:

  • Government-insured mortgage issued by the Federal Housing Administration
  • Fixed rate mortgages with various term options
  • Lower credit and income requirements
  • Low down payments
  • Require FHA mortgage insurance

VA Loans

Designed for U.S. veterans, active duty service members and widowed military spouses

Features:

  •  Must be primary residence
  • 100% financing with no down payment required
  • Lower credit and income requirements

USDA Loans

Features:

  • 100% financing with no down payment required
  • Fixed rate mortgages with various term options
  • Loans are insured through the USDA loan program
  • Must be primary residence
  • Home must be located in an area eligible for USDA financing

Jumbo Loans

Features:

  • Available for loans that exceed typical conventional loan limits
  • Fixed rate mortgages with various term options
  • Can be used to purchase primary homes, investment properties and vacation homes

Doctors Only Program

Specifically designed for physicians, dentists, podiatrists, opthamologists, and veterinarians beginning their professional career.

Features:

  • Available on fixed rate mortgages with various term options
  • $2 million maximum loan amount (or $1 million if financing 100%)
  • Must be primary residence. 
  • Lower credit and income requirements
  • No mortgage insurance required
  • May qualify with employment contract only