Get the right loan program for your situation.
The right loan program saves you both time and money. Take a look at some of your home loan options below to get an idea of what might provide the best value for you. If you need guidance we're happy to help.
I don't have a lot of money for a down payment.
Federal Housing Administration Loan
If you’d love to buy a home but lack credit, a down payment, or are unable to cover closing costs, an FHA loan may be the solution. FHA financing was developed to provide homebuyers with an alternative to conventional financing and include attractive and flexible guidelines.
I live in a rural area and need financing for a home.
United States Department of Agriculture Loan
This USDA-backed loan offers qualifying low-to-moderate income borrowers the option of no down payment when they buy in a designated rural area. This loan also offers flexible guidelines to eligible applicants.
USDA Renovation Loan
With a USDA Renovation loan, eligible borrowers can buy a fixer-upper and finance up to $35,000 for non-structural work (things like kitchen upgrades, HVAC replacement, rewiring, and re-plumbing) and $35,000 - $75,000 of structural work (things like foundation work and major roof repairs). By choosing renovation, you aren’t stuck competing for polished, higher-demand homes and can buy and renovate with one loan*.
The USDA Renovation loan also comes with no down payment requirements.
*For qualified borrowers only. Property must be located in a Designated Rural Area. Borrower’s Household Income must not exceed the adjusted annual income threshold. Borrower may only own one other single-family housing unit. The borrower must meet all additional requirements of USDA financing.
I want a range of down payment options.
Conventional Purchase
GVC Mortgage Conventional Loans come in a variety of options and with excellent advantages for qualified borrowers. While FHA and other government loans can have certain property restrictions, a Conventional Loan can be used on nearly all property types.
I'm an active member of the military or veteran.
VA Purchase Loans
If you’re active-duty military, a veteran, or an eligible family member of a military veteran, you may qualify for a Veterans Affairs loan. The VA Loan is a government-based product offering 100% financing of the reasonable value of the property, with less restrictive qualifying terms than conventional programs.
VA Purchase Loan Benefits
One of the primary benefits of a VA loan is that if you qualify, it's 100% financing without requiring mortgage insurance. This could mean hundreds of dollars of savings each year.
Some states even offer property tax reductions to military borrowers (please consult a tax professional).
I'm completing my residency and want to buy a home.
Doctors Only Loan
Physician loans are meant for new medical professionals, like recent graduates and residents. They consider the high debt-to-income ratio and lack of employment proof that doctors typically face early in their careers. Physician home loans make special allowances for these unique circumstances and are designed with doctors' career trajectories in mind.
What are the benefits of a Doctors Only loan?
100% financing
No PMI
Flexible down payment options
Fixed and variable rates
I want a home with a price that exceeds the Conventional Loan limit.
Jumbo Loans - When You Need a Loan Above the Conforming Limit
You’re ready to buy a home but live in one of the nation’s priciest housing markets. Inventory is low. Demand is high. And homes routinely cost over the local conforming loan limit. These homes require a Jumbo Loan.