Compare home purchase programs, alternative-income options, construction financing and commercial lending paths.
Possible down payments and costs to review for each program.
Some eligible programs start at 3% down.
Buyers whose credit, income and down payment fit conventional guidelines; options can include a primary home, second home or investment property.
With less than 20% down, monthly private mortgage insurance is common. Compare its price and cancellation rules with the FHA alternative.
Down payment may start at 3.5%.
Buyers who may benefit from FHA credit flexibility and are purchasing a home to occupy as their primary residence.
FHA mortgage insurance and county loan limits affect the total cost. Compare the full monthly payment and upfront cash with conventional.
No down payment may be possible for eligible borrowers.
Eligible veterans, service members and some surviving spouses buying a home to occupy.
A VA funding fee may apply unless you qualify for an exemption. Confirm entitlement, lender requirements and any fee before comparing cash to close.
100% financing may be available.
Eligible buyers purchasing a primary residence in an eligible area and within program income limits.
The property address and household income both matter. USDA guarantee fees and lender requirements belong in the payment comparison.
Down payment and reserves vary by lender.
Buyers whose loan amount is above the conforming limit for the property’s county and number of units.
There is no single jumbo minimum. Confirm the current county limit, then compare credit, income, asset and post-closing reserve requirements.
These are program starting points, not approval or an offer. Eligibility, pricing and lender requirements vary. Down payment is separate from closing costs, prepaid taxes and reserves.
Options may depend on your income documents, business and project details.
“First-time buyer” is not one specific loan. Compare conventional, FHA, VA or USDA options, and ask whether down payment assistance is available in your area.
Check income, property and repayment conditions for any assistance.
Some Non-QM programs may consider bank statements, 1099 forms or a profit-and-loss statement when tax returns do not show the full picture. These are documented loans, not no-documentation loans.
Ask which documents the lender accepts, how it calculates qualifying income and what additional costs or reserves apply.
A conventional loan may consider your personal income and rental income. A DSCR program evaluates qualifying rent against the payment defined by that lender.
Compare reserves, fees, prepayment terms and actual cash flow.
Options depend on the project, land, budget and lender. Some programs may structure staged draws or combine construction and permanent financing.
Confirm availability, contractor requirements, inspections, timeline and how cost overruns are handled.
Some businesses may qualify for commercial financing or SBA programs through participating lenders. Property use and business eligibility determine what may fit.
Ask which program and lender participate, what costs apply and what current eligibility requirements must be met.
A refinance may change the rate or term, take cash out or use a different structure. A HELOC is usually a separate loan and may have a variable rate.
Compare closing costs, total payment, break-even time and the risk of new debt.
A fixed rate keeps principal and interest steady. An adjustable-rate mortgage can change after an initial period, based on its terms.
For an ARM, review the initial period, adjustment caps and possible future payment.
Use the same price, down payment and term. Then compare:
Buying, refinancing or investing? Tell me your goal and we’ll go through your options.
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