FHA Loans are the easiest to obtain. They require a low down payment and a FICO® score, but they can cost you more in the long run because you must pay mortgage insurance. An FHA loan can be obtained from any FHA-approved lender. The Federal Housing Administration (FHA) insures the loans and protects lenders from losses caused by defaulted homeowners.

Conventional loans are more difficult to obtain but typically cost less in the long run than FHA loans. If you put down 20% or more, you can avoid paying private mortgage insurance, saving you hundreds of monthly dollars on your mortgage payment.

USDA Loans, known as rural development loans, make home ownership more affordable for people who live in rural and suburban areas and have household incomes that fall within USDA guidelines. USDA loans are backed by the United States Department of Agriculture, making them easier to obtain than other loan options. A USDA loan is available as a 30-year fixed-rate mortgage.

100% financing home loans are mortgages that finance the entire purchase price of a home, eliminating the need for a down payment. Through nationwide government-sponsored programs, new and repeat home buyers may be eligible for 100% financing.

A home equity line of credit is a revolving credit line secured by the home that enables you to utilize it for significant purchases or to consolidate debt from other loans with higher interest rates, like credit cards. Compared to other popular loan kinds, a HELOC often offers a lower interest rate, and the interest may be tax deductible. Please consult your tax advisor about interest deductibility, as tax rules may have changed.

Jumbo Loans are ideal for people looking to buy or refinance a home and needing to borrow up to $2.5 million. If you need a loan larger than your conventional loan limit ($647,200 in most places but up to $970,800 in high-cost areas), our Jumbo Loan may be a good fit. Jumbo Loans, also known as non-conforming conventional mortgages, are considered riskier for lenders because they cannot be guaranteed by Fannie Mae or Freddie Mac, exposing the lender to losses if a borrower defaults.

When you're self-employed, you don't have the option of providing pay stubs or showing net income on tax returns when applying for a mortgage loan. Not having these required documents can make getting approved difficult, even with good credit. Our Bank Statement Loan program enables self-employed borrowers to obtain a home loan without revealing their net income on their tax returns or pay stubs.