FHA
Loans

Federal Housing Administration (FHA) Loans: These are government-backed loans aimed at helping low-to-moderate income borrowers qualify for a mortgage. They require lower minimum down payments and credit scores than many conventional loans.

VA
Loans

Veterans Affairs (VA) Loans: These are mortgages guaranteed by the Department of Veterans Affairs. They are available to veterans, active-duty service members, and certain members of the National Guard and Reserves. VA loans often come with competitive interest rates, no down payment, and no private mortgage insurance (PMI) requirement.

USDA
Loans

United States Department of Agriculture (USDA) Loans: These are zero-down-payment mortgages for eligible rural and suburban homebuyers. They are issued through the USDA Rural Development Guaranteed Housing Loan Program.

Conventional
Loans

Conventional Loans: These are not insured or guaranteed by the government. They typically require higher credit scores, higher down payments, and come with more stringent income and debt requirements compared to government-backed loans.

DSCR
Loans

Debt Service Coverage Ratio (DSCR) Loans: These are typically used for investment properties. The loan approval is based on the property’s income potential rather than the borrower’s income. The DSCR measures the property’s ability to cover its debt obligations.

Bank Statement
Loans

Bank Statement Loans: These are designed for self-employed borrowers who may not have traditional income documentation. Instead of tax returns, lenders use the borrower's bank statements to determine their income and ability to repay the loan.

Fix & Flip
Loans

Fix & Flip Loans: These are short-term loans used to purchase and renovate a property with the intent to sell it for a profit. They often have higher interest rates and shorter terms compared to traditional mortgages.

ITIN
Loans

Individual Taxpayer Identification Number (ITIN) Loans: These are for borrowers who do not have a Social Security number but have an ITIN. They are typically used by non-citizen residents in the U.S. to secure a mortgage.

Foreign
National Loans

Foreign National Loans: These are mortgages designed for non-U.S. citizens who want to purchase property in the United States. These loans usually have different qualification standards and may require larger down payments.

Hard
Money Loans

Hard Money Loans: These are short-term, high-interest loans secured by real estate. They are often used by real estate investors for quick financing, renovation projects, or other short-term investment opportunities. Approval is based more on the property’s value rather than the borrower’s creditworthiness.