You have had a bankruptcy, short sale, or foreclosure in the past three years
You want to buy a second home
You want to buy with
a 1% down payment
You want to buy an investment home
You want to buy a vacation home
You served in the U.S. Armed Forces
You want to buy in a rural zone with 0% down payment
You want to buy without tax verification
You can't find your scenario?

You have had a bankruptcy, short sale, or foreclosure in the past three years

Your best option is buying with an FHA Loan.

FHA Mortgages have lower down payment requirements that may be easier to qualify for than a conventional loan.The loans are made by private lenders and insured by the FHA. They require both upfront and monthly insurance payments. The FHA places limits on mortgage amounts, based on the county where the home is located.

Credit scores between 500 – 579 require a 10% down payment
Credit scores 580+ require only 3.5% down payment

FHA loans are subject to the following waiting periods** in relation to derogatory mortgage history:

• 3 years for short sales and foreclosures

• 2 years for bankruptcies

**Under extenuating circumstances such as serious illness, death of a wage earner, or loss of employment and significant loss of household income, the derogatory waiting period may be waived.

You want to buy a second home

Your best option is buying with a Conventional Loan.

Conventional Conforming Mortgages offer lower rates because they are originated to guidelines established by Fannie Mae or Freddie Mac, which are Government Sponsored Enterprises (GSEs). These loans must also “conform” to the established maximum loan limits set by Fannie Mae and Freddie Mac.
You must provide proof your current property is rented prior to closing.

Credit scores 620+ require a 5% down payment

You want to buy with
a 1% down payment

Your best option is buying with a Conventional Loan.

You put down 1%, your lender contributes 2%*, giving you 3% equity at closing. Other benefits include:

  • Great low rates
  • Close in 30 days or less
  • Conventional 30-year fixed program
  • Available with no monthly mortgage insurance

You want to buy an investment home

Your best option is buying with a Conventional Loan.

Conventional Conforming Mortgages offer lower rates because they are originated to guidelines established by Fannie Mae or Freddie Mac, which are Government Sponsored Enterprises (GSEs). These loans must also “conform” to the established maximum loan limits set by Fannie Mae and Freddie Mac.

Credit scores 620+ require a 15% down payment

You want to buy a vacation home

Your best option is buying with a Conventional Loan.

Conventional Conforming Mortgages offer lower rates because they are originated to guidelines established by Fannie Mae or Freddie Mac, which are Government Sponsored Enterprises (GSEs). These loans must also “conform” to the established maximum loan limits set by Fannie Mae and Freddie Mac.

Credit scores 620+ require a 15% down payment

You served in the U.S. Armed Forces

Your best option is buying with a VA Loan.

VA Mortgages are made by private lenders and guaranteed by the Department of Veterans Affairs (VA). VA loans are designed to help service members and Veterans obtain financing at very reasonable rates. VA loans offer financing up to 100% of the home’s value with no maximum loan limit. For loans above 725k, lenders may require a 10% down payment.

Minimum credit score 500

You want to buy in a rural zone with 0% down payment

Your best option is buying with a USDA Loan.

Established in 1991 by the Department of Agriculture (USDA), rural development loans are designed to help median-income Americans buy a home in rural and suburban communities.

This is the most competitive loan on the market.

Minimum credit score 580

You want to buy without tax verification

Your best option is buying with a Conventional Non-QM Loan.

Non-QM loans are loans created for borrowers who don’t have perfect credit, or those that don’t fit into the complex rules associated with QM loans. These are programs that can help borrowers think outside the box. Non-QM loans offer the following options:

  • No tax return required
  • 12-24 month bank statement deposits used to qualify (Personal and Business)
  • 620 minimum credit score
  • Owner-occupied, 2nd home, and investment properties
  • 2 years seasoning after foreclosure, short sale, bankruptcy, or deed-in-lieu
  • 660 minimum credit score for Jumbo Loans
  • Applicable for SFRs, Townhomes, Condos, and 2-4 Units
  • Self-employed borrowers are required to supply 2-year proof of income
You can't find your scenario?