Finance home purchases in rural areas - home must be located within qualifying area
Requires no down payment

No formal minimum credit score requirement, but lenders typically require a 640 minimum

United State Department of Agriculture (USDA) Loan


Designed for active and retired service members, certain reservists and National Guard members, and certain surviving spouses of deceased military members

 Requires no down payment and no mortgage insurance

No minimum credit score requirement

No maximum debt-to-income ratio

Veterans Affairs (VA) Loan


Designed for home purchases where loan amount is greater than $548,250

Loans are not secured by Fannie Mae or Freddie Mac and follow different set of underwriting guidelines throughout the process

Jumbo Loan


Affordable, low down payment mortgage option by Fannie Mae

Requires as little as 3% down



Great for first-time home buyers or low-to-moderate income borrowers

Insured by the Federal Housing Administration

Requires a minimum down payment of 3.5%

Credit score of 580 required to qualify

Federal Housing Administration (FHA) Loan


 Most common type of home loan

Not guaranteed or insured by the federal government, rather it’s guaranteed by private lenders and insurance is typically paid by the borrower

Requires down payment of at least 3.0%; a down payment of 20% or more eliminates the need for mortgage insurance

Credit score of 620 or greater is required to qualify and debt-to-income ratio of 45% or less

Conventional Mortgage


Loan Programs