Learn about loan options

Different loan types have their own advantages

Review the table below to see the differences, and understand the details of the loan you would like to pursue for your home purchase or refinance. We are available to answer any specific questions you have about a loan type. Richard Porter 916-996-8527

VA

For Veterans
  • No money down
  • Easier to qualify
  • Lower payments
  • No Private Mortgage Insurance

Most Popular

FHA

Low Down Payment
  • 3.5% down payment
  • Low FICO requirement
  • Low Interest rate
  • Credit for closing costs
  • Easy qualify

CONV

Conventional
  • Possible no mortgage insurance
  • Cheaper real cost
  • Faster closing
  • Good for those with good credit
  • Possible interest only payment
  • Less stipulations

JUMBO

Over $417K
  • Can make larger purchase
  • Less fees
  • More options
  • Does not require second mortgage


Not sure about which plan to choose?

Loan FAQ

I’m not sure what loan would be best for me?

We would be happy to help you pick out the best option. If you fill out the loan application on the home page, we can run a quick analysis of what loan type would best suite your needs.

What is the best way to contact support?

By phone or by email. For questions regarding loan options, a phone call will probably work best. For questions regarding loan status, or updates, an email may work best. Loan updates are also emailed to you automatically to constantly keep you in the loop.

How long after a BK/Foreclosure/Short sale until I can get a loan?

This is a common question and it really depends. The best way to find out for sure, is to fill out the application or give us a call so we can run a report for you.

How Many times can I use a VA loan?

We do a lot of VA loans here, and the answer is, you can have one VA loan at a time. For example if you want a second house and the first one has a VA loan you will need to either re-finance it into a different loan type, or sell it to get VA financing on the second home.


Ready to get started on your Loan?