

Conventional financing refers to a mortgage that is purchased by Fannie Mae or Freddie Mac and is not guaranteed by the federal government, unlike other programs such as FHA and VA Financing. Conventional loans are completely made in the private sector without any government involvement. You can use conventional financing to purchase or refinance single family to four family homes.
FHA mortgages are insured by the Federal Housing Administration (FHA). They are issued by federally qualified lenders and are designed to help borrowers with high debt-to-income ratios (DTI) purchase or refinance their homes. If you default on this loan, the FHA will cover your lender’s losses, therefore mortgage insurance is required.


A commercial real estate loan is a mortgage secured by a lien on commercial property as opposed to residential property. Commercial real estate (CRE) refers to any income-producing real estate that is used for business purposes; for example, offices, retail, hotels, and apartments.
A foreign national loan is a special type of loan that helps non citizens buy investment property in the United States. This loan has requirements (and interest rates) that slightly differ from standard Fannie Mae or FHA loans. This program will help non citizens to finance investment properties, vacation houses or second homes in United States.


A Jumbo loan, or non-conforming mortgage, is a private loan that doesn’t conform to the guidelines set by Fannie Mae and Freddie Mac by exceeding the total loan limit for the area that you are buying in. You’ll need to check your specific location to see what the local limits are, or speak with a Loan Originator to find out if you need this special financing option.
Refinancing is done to allow a borrower to obtain a better interest term and rate. The first loan is paid off, allowing the second loan to be created, instead of simply making a new mortgage and throwing out the original mortgage. This program will help customers reduce and save thousands on future interest payments, taking advantage of lower rate. Through this program, you can take cash out, consolidate your debts or make home improvements. This program also could help you eliminate the monthly cost of mortgage insurance.
