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Conventional loans

A conventional loan is a type of mortgage that is not insured or guaranteed by the federal government. Instead, it is offered by private lenders such as banks, credit unions, or mortgage companies, and it typically conforms to the guidelines set by Fannie Mae and Freddie Mac, the two government-sponsored enterprises that standardize and securitize many of these loans.

Conventional loans are popular among homebuyers with good credit and stable income.

They often offer competitive interest rates and flexible terms. They usually require a minimum down payment of 3% to 5%, though putting down 20% or more can eliminate the need for private mortgage insurance (PMI).

Conventional loans are ideal for borrowers who meet the credit, income, and debt-to-income requirements and who want to avoid the restrictions and insurance premiums associated with government-backed loans like FHA, VA, or USDA.

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Government Backed Loans

Government-backed loans are mortgage programs insured or guaranteed by the federal government, designed to make homeownership more accessible to specific groups of buyers.

These loans typically offer flexible credit requirements, lower down payments, and competitive interest rates, making them ideal for first-time buyers, veterans, or those purchasing in rural areas.

FHA Loans

FHA loans are designed for low-to-moderate-income borrowers and first-time homebuyers. They require as little as 3.5% down and offer more lenient credit score requirements. FHA loans are insured by the government, which reduces the lender’s risk, but they do require mortgage insurance premiums (MIP)—both upfront and monthly.

VA LOANS

VA loans are available to eligible veterans, active-duty service members, and certain military spouses. These loans offer 0% down payment, no private mortgage insurance (PMI), and competitive interest rates. The VA guarantees a portion of the loan, making it one of the most powerful benefits available to those who’ve served.

USDA LOANS

USDA loans are designed to promote homeownership in rural and some suburban areas. They offer 100% financing (no down payment) to eligible borrowers who meet income and location requirements. These loans are backed by the USDA and include low monthly mortgage insurance costs.

non-QM loans

Non-QM loans, or Non-Qualified Mortgages, are home loans designed for borrowers who may not meet the strict documentation or income verification requirements of traditional (qualified) loans—but still have the ability to repay.

NON-QM loans are ideal for individuals with unique financial situations.

Unlike government-backed or conventional loans, Non-QM loans are not sold to Fannie Mae or Freddie Mac, which allows lenders more discretion in evaluating risk and structuring deals.

    • Self-employed borrowers with non-traditional income

    • Real estate investors

    • Borrowers with recent credit events (e.g., bankruptcy, foreclosure)

    • High-net-worth individuals using asset-based income

    • Foreign nationals purchasing U.S. property

    • Alternative income documentation (e.g., bank statements, 1099s)

    • Higher debt-to-income (DTI) allowances

    • Interest-only options or non-traditional loan terms

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