7 Most Popular Home Loans

The 7 Most Popular Home Loan Programs and Who They’re Perfect For

1. VA 30 Year Fixed

This is a great home loan program for military members and veterans to take advantage of the lowest interest rate and monthly payment. Up to 100% financing with no mortgage insurance required we finance VA home loans up to $3,000,000. Purchase your home with ease or refinance and save money, invest, or payoff high interest credit cards, car loans, property taxes, student loans, and other debts. We honor those who serve.

2. FHA 30 Year Fixed

This home loan program is perfect for first time home buyers just getting their foot into the real estate market and provides the opportunity to buy a home with only 3.5% down payment. This is a great home loan program designed to help make the dream of home ownership a reality with a very low down payment and this program typically has the lowest interest rate the market has to offer. Another advantage of the FHA home loan program is the ability to qualify for a higher debt to income ratio than a traditional Conforming loan or Jumbo loan would allow making it possible to increase your purchasing power with the FHA home loan.  County loan limits apply. 

3. Traditional 30 Year or 15 Year Fixed

The 30 year and the 15 year fixed rate home loan are traditional home loans. The 30 year fixed is most commonly used when buying a home. After years go by it may make sense to refinance into a 15 year fixed rate home loan which typically offers a lower interest rate and will pay off the loan in 15 years rather than starting another 30 year fixed rate term. With a shorter term to payoff the loan the 15 year option typically has a higher monthly payment.    

4. Home Equity Line of Credit

The home equity line of credit is perfect for homeowners with equity to use towards paying off high interest credit cards, student loans, remodeling the house, or possibly building an Accessory Dwelling Unit (ADU) in the backyard. We provide the fastest online application for a home equity line of credit approval in only five minutes and funding in five business days. No appraisal needed and we lend up to $400,000.

5. 40 Year Fixed

You may want to consider a 40 year fixed rate home loan when buying an investment property or refinancing your investment property. We offer common sense lending for investment properties and qualify based on the rental income covering the housing expense. The 40 year term spreads the payments out to keep monthly payments lower.  

6. No Income Documentation Home Loan

These home loans are perfect for self employed or retirees who are in need of financing and have the cash but not the income documented. This loan is very easy to qualify for and requires a minimum 640 FICO score, a strong down payment, along with the ability to make further payments by showing adequate reserves. When refinancing the cash out can be used as reserves to qualify.  

7. Private Money Loan

Great for fix and flip projects or difficult financing scenarios our investors provide fast and easy financing with interest only options.  These loans are usually short term 1-5 years fixed and then are due in full. These loans are perfect for homes that may not pass a lenders appraisal guideline because of its condition and can be used to repair the home.  

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