Loan Options
Your mortgage should fit your life, not the other way around. Compare the main loan programs in plain English, then let's talk about what makes sense for you.
Loan programs
Different programs offer different ways to qualify, make a down payment and structure your loan.
Flexible financing for a primary home, second home or investment property.
Best for: Buyers with established credit and documented income
Down: As low as 3% for eligible primary-home buyers; other purchases may require more.
Government-backed financing with a smaller down payment and flexible credit guidelines.
Best for: First-time or repeat buyers with limited savings or developing credit
Down: As low as 3.5% for eligible borrowers; upfront and annual mortgage insurance apply.
A home financing benefit for eligible veterans, service members and surviving spouses.
Best for: Eligible military borrowers and surviving spouses
Down: Often 0% with sufficient entitlement; eligibility and a funding fee apply unless exempt.
No-down-payment financing for eligible homes in designated rural and suburban areas.
Best for: Income-eligible buyers purchasing in a USDA-approved area
Down: 0% for eligible borrowers; location, household income limits and guarantee fees apply.
Finance a higher-priced home with a loan above the area's conforming limits.
Best for: Buyers of higher-value homes with strong financial profiles
Down: Varies by loan amount and program; stronger credit and cash reserves are typically required.
A first- or second-lien revolving credit line based on the value of your home.
Best for: Homeowners wanting flexible equity access without touching their primary rate when used as a second lien
Requirements: Available equity and borrower eligibility; first- or second-lien options, up to $500,000.
Eligible state and local grant or second-lien programs help cover down payment and closing costs.
Best for: First-time buyers needing upfront cash assistance
Requirements: Income, location and program limits apply; education or repayment may be required, and not all assistance is a grant.
Replace your mortgage to revisit its rate, payment or repayment timeline.
Best for: Homeowners reviewing their current loan without taking substantial cash out
Requirements: Equity, credit and income guidelines vary; savings are not guaranteed and closing costs apply.
Replace your current mortgage with a new loan and receive part of your equity as cash.
Best for: Homeowners who want cash and are comfortable replacing their current mortgage
Requirements: Sufficient equity, qualifying credit and income; closing costs and a new rate apply.
Qualify for investment-property financing using eligible rental cash flow.
Best for: Real estate investors financing income-producing rental properties
Down: Varies by property and program; rental coverage, credit and reserve requirements apply.
Qualify using eligible bank deposits instead of relying primarily on tax returns.
Best for: Self-employed borrowers whose tax returns do not reflect their qualifying cash flow
Down: Varies by program; statement history, expense adjustments and credit review apply.
Qualify using verified liquid assets and investment portfolios instead of traditional employment or tax-based income documentation.
Best for: High-net-worth retirees and investors
Requirements: Verified eligible assets, sufficient balances and credit approval; valuation methods vary by program.
Finance a new build or eligible improvements with a loan designed around your project.
Best for: Buyers and homeowners building or improving their home
Down: Varies by program; approved plans, builder or contractor review and project requirements apply.
Short-term financing bridges the gap between buying your next home and selling your current one.
Best for: Homeowners buying before selling
Requirements: Available equity, ability to carry overlapping costs and a clear short-term repayment plan.
Home financing built around the careers of physicians, dentists and other licensed medical professionals.
Best for: Medical professionals, including residents and those with an employment or partnership contract
Down: As low as 0% down (100% financing); license, employment or contract verification applies.
Access home equity through a lump-sum loan or revolving line without replacing your first mortgage.
Best for: Homeowners wanting equity access alongside their current mortgage
Requirements: Sufficient equity and qualifying credit and income; an additional payment and a lien on your home apply.
Eligible homeowners age 62 and older can use home equity without required monthly principal-and-interest payments.
Best for: Eligible homeowners 62+ evaluating retirement equity strategies
Requirements: HUD-approved counseling and sufficient equity; pay taxes and insurance, maintain the home and meet occupancy rules; the balance grows and is due at a repayment event.
Your next move
Whether you're buying for the first time or building an investment portfolio, we'll put the options in context.
Build a clear financing plan for your first home with personal guidance from Dwayne.
Best for: Buyers preparing for their first home purchase
Requirements: Qualification and down payment depend on the selected loan program.
Compare financing strategies for rental properties and investment projects.
Best for: Investors comparing property-specific financing paths
Requirements: Down payment, reserves and property requirements vary by the selected program.
Program availability and terms vary by property, state, loan amount and borrower qualifications. This overview is not a commitment to lend. All financing is subject to eligibility, underwriting and approval. Dwayne can help confirm availability and compare the costs and requirements for your situation.
Start your secure online application or set up a time to talk.
