Home Loan Programs
Conventional Loans
Conventional Loans are mortgage loans that are not insured by the government (like FHA, VA, USDA Loans), but they typically meet the lending guidelines that have been set by Fannie Mae or Freddie Mac. Typically, conventional loans have better rates, terms and/or lower fees than other types of loans. However, conventional loans typically require a borrower to have good-to-excellent credit, reasonable amounts of monthly debt obligations, a down payment of 5-20% and reliable monthly income. Conventional loans are ideal for borrowers with excellent credit and at least a 5% down payment.
FHA Loans
It's easy to understand why many people looking for a new home are turning to FHA insured loan programs. Because FHA Loans are insured by the Federal Housing Administration homebuyers have an easier time qualifying for a mortgage. Those who typically benefit most by an FHA loan are first-time home buyers and those who have less than perfect credit.
USDA Loans
A USDA Loan is a mortgage loan that is insured by the US Department of Agriculture and available to qualified individuals who are purchasing or refinancing their home loan in an area that is not considered a major metropolitan area by USDA.
VA Loans
A VA loan is a mortgage loan guaranteed by the U.S. Department of Veteran Affairs (VA) that is available to most US service members. It offers some very great benefits to those that have served our country.
Bank Statement Loans
Bank Statement Loans are a popular Non-QM option designed for self-employed borrowers, business owners, and 1099 earners who may not qualify using traditional tax-return income. Instead of W-2s or full tax returns, lenders use 12–24 months of personal or business bank statements to calculate qualifying income based on deposits.
These loans make it easier for borrowers who write off expenses or show lower taxable income to purchase or refinance a home. With flexible underwriting, higher loan limits, and competitive down-payment options, Bank Statement Loans are an excellent fit for entrepreneurs and independent professionals looking for a more realistic way to verify their true earning power.
DSCR Loan
What is a DSCR Loan?
DSCR stands for Debt Service Coverage Ratio.
It shows how much income a property generates compared to its debt obligations.
Formula: DSCR = Net Operating Income (NOI) ÷ Annual Debt Payments
When should you use a DSCR Loan?
You’re buying or refinancing a rental property (not owner-occupied).
You prefer to qualify based on property income instead of personal income.
The property’s rent easily covers its mortgage, taxes, and insurance.
Important Pages
State Licenses
NC #I-185286
SC #MLO - 551911
VA #MLO-49090VA