POPULAR LOAN PROGRAMS REQUIREMENTS
FHA (203B)
- CREDIT SCORE 580+
- MINIMUM 3.5% DOWN PAYMENT
- CREDIT SCORE 500-579
- MINIMUM 10% DOWN PAYMENT
- PURCHASE OR REFINANCE
- PRIMARY RESIDENCES
- 2ND HOMES
- INVESTMENT PROPERTIES
- LOAN TERMS-15, 25 OR 30 YEARS
- FIXED RATES
CONVENTIONAL LOANS
- CREDIT SCORE 620+
- MINIMUM DOWN PAYMENT 3% TO 20%
- PURCHASE OR REFINANCE
- PRIMARY RESIDENCES
- 2ND HOMES
- INVESTMENT PROPERTIES
- LOAN TERMS-10, 15, 20, 25 OR 30 YEARS
- FIXED RATES OR ADUSTABLE RATES
JUMBO LOANS
- CREDIT SCORE MINIMUM 680
- 10% DOWN PAYMENT
- PURCHASE OR REFINANCE
- PRIMARY RESIDENCES
- 2ND HOMES
- INVESTMENT PROPERTIES
- LOAN TERMS-15 OR 30 YEARS
- FIXED RATES OR ADJUSTABLE RATES
USDA LOANS
- CREDIT SCORE MINIMUM 580+
- NO DOWN PAYMENT
- PURCHASE OR REFINANCE
- PRIMARY RESIDENCE
- LOAN TERMS-30 YEARS
- FIXED RATES
