Typical Loan Option Programs
FHA
VA
USDA
Conventional
Minimium 3.5% down payment
Great for First Time Home Buyers
Credit scores as Low as to 580
For veterans and active duty military
0% down payment
No mortgage insurance
No county loan limits as of 2020
On eligible properties
0% down payment, offers 100% financing and in some cases
it will cover closing costs
3% or more
down payment options
203 (K)
JUMBO
NON-QM
DOWN PAYMENT ASSISTANCE PROGRAMS
FHA loan program, one mortgage for the rehabilitation
and repair of the property
Anything above the allowed
conforming loan limits
For those that don’t fit
in the traditional lending guidelines and need other options
CHENOA Fund
State Bond programs
All offer as little as 0% down payment