USDA Loans
USDA loan is special type of a zero down payment mortgage that eligible homebuyers in rural and suburban areas can get through the USDA Loan Program
A Federal Housing Administration (FHA) loan is a mortgage that is insured by the FHA and issued by an FHA-approved lender. FHA loans are designed for low- to moderate-income borrowers. They require a lower minimum down payment and lower credit scores than many conventional loans do.
Because of their many benefits, FHA loans are popular with first-time homebuyers.
In 2021, you can borrow up to 96.5% of the value of a home with an FHA loan. This means you'll need to make a down payment of just 3.5%. You'll need a credit score of at least 580 to qualify. If your credit score falls between 500 and 579, you can still get an FHA loan as long as you can make a 10% down payment.1 With FHA loans, your down payment can come from savings, a financial gift from a family member, or a grant for down-payment assistance.
It's important to note that with an FHA loan, the FHA doesn't actually lend you money for a mortgage. Instead, you get a loan from an FHA-approved lender—a bank or another financial institution. However, the FHA guarantees the loan. Some people refer to it as an FHA-insured loan, for that reason.2
USDA loan is special type of a zero down payment mortgage that eligible homebuyers in rural and suburban areas can get through the USDA Loan Program
Conventional loans to 95% loan-to-value (LTV) – not us. A 97% LTV is just one of the things that make Newrez’s conventional loans a better choice
Big Jumbo loan gives your customers the ability to borrow more than the traditional loan amounts with a lower down payment requirement.
An adjustable-rate mortgage (ARM) is a type of mortgage in which the interest rate applied on the outstanding balance varies throughout the life of the loan.
The Federal Housing Administration and the Department of Veterans Affairs have increased loan limits - meaning you can now finance more
Refinancing is the replacement of an existing debt obligation with another debt obligation under different terms.