Wherever you are in your homebuying journey, knowing the types of home purchase loans available to you can help guide your decision.
Types of home purchase loans
We offer a wide variety of home purchase loan options and are dedicated to personalizing your homebuying journey. Most loans fall into one of three categories: conventional, government, or jumbo home loans.
Conventional loans
Conventional loans meet the Federal Housing Finance Agency’s (FHFA) conforming loan limits and other requirements. Conventional home purchase loans are popular because of their low 3% minimum down payment and flexible financing options.
Government loans: FHA, VA, and USDA
Government home loans are backed by federal, state, and sometimes local government agencies. Our top government-backed home purchase loans are FHA loans, USDA home loans, and VA loans. If you qualify, these mortgage purchase programs can provide unique benefits, such as little or no down payment requirement and reduced closing costs.
Jumbo loans
A jumbo loan may be right for you if you’re hunting for a luxury or high-cost home. You can secure up to $4 million to purchase a primary residence, second home, or investment property – putting almost any homeownership dream within reach.
