Purchase Loans

Wondering which loan type is right for you? Reach out to our team!

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Conventional

· Max Loan Amount for 2022: $647,200

· Down Payment: As low as 3% or 5%

· Property Appraisal Less Restrictive

· 3% Seller Paid Closing Costs Allowed

· Stick Built, Log, Shop/Home, or Manufactured  

· 620 Minimum Credit Score (on approved credit)

 

FHA

· Max Loan Amount for 2022: $420,680

· Down Payment: 3.5%

· 6% Seller Paid Closing Costs Allowed

· Stick Built, Log, Shop/Home, or Manufactured

· 600 Minimum Credit Score (on approved credit)

 
 

USDA

· Zero Down — 100% Program

· 6% Seller Paid Closing Costs Allowed

· Geographical Areas

· INCOME Limits Apply

· Stick Built, Log, Shop/Home, or New Manufactured

· 620 Minimum Credit Score (on approved credit)

VA

· No Max Loan Limit - on approved credit

· Zero Down — 100% Program

· No Mortgage Insurance

· VA Disabled = Zero Funding Fee

· Certificate of Eligibility Required

· 4% Seller Paid Closing Costs Allowed

· Stick Built, Log, Shop/Home, or Manufactured

· 600 Minimum Credit Score (on approved credit)