Program availability and eligibility depend on lender guidelines, the property, credit, and a full review.
02 / Explore your options
Explore your financing options.
Explore home, investor, and commercial financing. Choose a category to focus on the options relevant to you.
7 financing options
01
For rental property investors
DSCR investor loans
A property-focused approach that evaluates rental income in relation to the property’s mortgage obligations.
Discuss single-family or 2–4 unit rentals
Review rental income and property expenses
Ask about your property type and ownership structure
What should I know?
DSCR means debt service coverage ratio. Rental income is central to this approach, but property, credit, assets, and other lender requirements still matter. Short-term rentals and portfolio scenarios need individual review.
02
For self-employed borrowers
Bank-statement loans
A Non-QM option that may use eligible bank deposits to evaluate self-employment income.
Discuss personal or business bank statements
Review business history and qualifying deposits
Compare with traditional income documentation
What should I know?
Non-QM means non-qualified mortgage. It still involves underwriting. Not every deposit counts as income; statement history, expenses, and documentation vary by lender. Self-employed borrowers may also qualify for conventional financing.
03
For homebuyers & homeowners
Conventional mortgages
A mortgage option with income, assets, credit, and property eligibility reviewed under lender guidelines.
Explore a purchase or refinance
Discuss primary homes, second homes, or rentals
Review your income and available funds
What should I know?
Conventional mortgages are not insured by FHA. Documentation and eligibility depend on the program and your scenario. Review the full payment, closing costs, and any mortgage insurance when comparing options.
04
For a home you will live in
FHA options
An FHA-insured mortgage option for an eligible primary residence, with its own qualification requirements.
Explore a primary-home purchase or refinance
Discuss down payment and credit requirements
Understand mortgage insurance and total costs
What should I know?
FHA is not limited to first-time homebuyers. Mortgage insurance, occupancy, and property requirements apply. Compare FHA and conventional options using your complete financial picture.
05
For eligible military borrowers
VA loans
A VA-backed mortgage option for eligible Veterans, service members, and certain surviving spouses.
Explore a home purchase or refinance
Review your Certificate of Eligibility
Discuss occupancy, costs, and any funding fee
What should I know?
Service eligibility is one part of the review. Credit, income, occupancy, and lender requirements also apply. A VA funding fee may apply unless you qualify for an exemption. Review VA eligibility — opens in a new tab.
06
For eligible rural-area homes
USDA loans
A USDA-guaranteed mortgage option for an eligible primary home, subject to location and household-income requirements.
Check the property’s eligibility area
Review household income and occupancy
Discuss program fees and total costs
What should I know?
Both the home and household must meet program requirements. USDA refinance options are for eligible existing USDA loans; cash-out refinancing is not permitted. Review the USDA program — opens in a new tab.
07
For commercial & multifamily properties
Commercial & multifamily loans
Financing discussions for mixed-use properties, apartment buildings, and multi-unit properties. Start with the property’s use, income, and ownership structure.
Mixed-use residential and commercial buildings
Apartment buildings and larger multifamily properties
Multi-unit investments and commercial properties
What should I know?
Residential 2–4 unit properties may follow a different financing path from apartment buildings with 5 or more units. Mixed-use and commercial scenarios require a review of property type, occupancy, income, operating expenses, and lender requirements.
