1
FHA
Government-backed loans with lower down payments and credit score requirements, ideal for first-time homebuyers.
2
Conventional
The most common loan type, offered by private lenders and conforming to Fannie Mae and Freddie Mac guidelines.
3
Foreign National
Financing options for non-U.S. citizens or permanent residents to purchase property a Second Home or Investment property in the United States.
4
Bank Statement
Use bank statements to verify income, suitable for self-employed borrowers or those with limited traditional income documentation.
5
DSCR
"Debt Service Coverage Ratio" focuses on the property's projected rental income to qualify. A good option for self-employed borrowers and investors or those with complex income structures.
6
Private Money
Short-term, fast-closing loans with higher interest rates, often used for fixer-uppers or investment properties.
7
Crypto
Emerging option that allows borrowers to use cryptocurrency as collateral for a traditional loan. (Note: Regulations are still evolving in this area)