Call Us Loan Programs There is no such thing as a one-size fits-all solution. Explore the variety of mortgage loan solutions we offer. LEARN MORE Home » Loan Programs Conventional Conventional loans are the most commonly used home loans. While they do not have a government guarantee or insurance, investors view them favorably because they conform to the two central government-sponsored agencies’ guidelines, Fannie Mae or Freddie Mac. Conventional loans allow for the purchase of nearly any residential property type and offer a range of down payment options, some as low as 3%. Some advantages include reduced documentation, no mortgage insurance for loans with 20% or greater down payments, and competitive pricing. FHA Loan FHA loans, insured by the Federal Housing Administration, offer a low down-payment minimum of 3.5% along with flexible credit and debt requirements. They allow for a non-occupant co-borrower such as a parent or relative, making them an excellent option for first-time homebuyers and low-to-moderate-income borrowers. VA Loan VA loans (Veterans) are guaranteed by the U.S. Department of Veterans Affairs (VA) and offer an insured loan product for veterans and their spouses. Advantages include up to 100% financing, competitive interest rates, and no mortgage insurance for eligible borrowers1. USDA Financing USDA rural development home loans, created by the U.S. Department of Agriculture, allow rural homebuyers to get up to 100% financing2 on a new home. These mortgages offer reduced down payment options, competitive rates, and flexible requirements, promoting growth and improving the economy in under-populated areas. HELOC (Home Equity Line of Credit) A HELOC is a revolving line of credit, similar to a credit card, that offers a way to borrow money using the equity in your home. It provides the flexibility of drawing money as needed instead of taking it all in one lump sum. It may even be 100% tax-deductible3! Start Your HELOC Now Jumbo Jumbo loans are fixed-rate and adjustable-rate mortgage products for higher-priced primary homes, second homes, or investment properties, allowing borrowers to obtain a larger loan that exceeds conventional lending limits such as loans. Reverse Mortgage4,5 A Reverse Mortgage is a loan for homeowners age 62 years or older that allows them to use the equity in their home for financial security or to maintain quality of life throughout retirement. It does not have a monthly mortgage payment6 and allows the homeowner to receive the equity in their house in a lump sum, a fixed monthly payment, or a line of credit. In most instances, the loan is paid off with the sale of the home by the estate. Construction to Perm Whether building or renovating a home, construction-to-permanent loans cover the lot, construction, and mortgage financing. Benefits of this program include interest-only payments during construction, a single set of closing costs, and no prepayment penalties. Renovation Renovation loans allow homebuyers to purchase and renovate a home with one loan and one closing. This means homebuyers who find a less-than-perfect home in their ideal neighborhood can purchase the home and pay for upgrades or repairs all in one loan. Homebridge offers several renovation options to meet the needs of each borrower. Refinance Homebridge offers refinance options on most mortgage products, which allow homeowners to lower monthly payments by reducing the interest rate (rate-term refinance). With a refinance, borrowers can also cash out some of the equity in their home to finance home improvement projects, consolidate credit card debt, pay college tuition or fund any other project (cash-out refinance). Affordable Lending Affordable lending aims to help lower-income borrowers or those who have experienced financial setbacks obtain a home loan. We offer a variety of low down payment options, down payment assistance programs, and bond programs to ensure everyone has an opportunity to finance a home and build wealth. Mortgage for Non-Traditional Borrowers Homebridge offers products for non-traditional borrowers (e.g., self-employed, investors, asset-based) that utilize alternative qualification methods. These include: The bank statement product allows self-employed borrowers to qualify income using business or personal bank statements instead of the borrower’s tax returns. The asset qualifier product allows eligible borrowers to qualify by leveraging their existing assets. The investor cash flow product allows eligible real estate investors to qualify for investment property mortgages using a simple calculation of the monthly rental income as coverage of the mortgage payment of the subject property. Not all programs are offered in all states. For veterans or active duty servicemembers. Property must be in a USDA eligible area for all purchase transactions. Primary residences only. Minimum FICO score requirements. Income and credit restrictions apply. Other restrictions may also apply. You should consult a tax advisor for further information regarding the deductibility of interest. Product not available in Tennessee or Iowa. This material is not provided by, nor was it approved by the Department of Housing & Urban Development (HUD) or by the Federal Housing Administration (FHA). You must live in the home as your primary residence, pay property taxes, homeowner’s insurance, HOA dues (if applicable) and maintain the home according to FHA requirements, otherwise the loan becomes due and payable. Start Your Loan Today We’ll be in touch with loan programs and rates based on the information provided. Type of Loan* Select Purchase Refinance Cash-Out Refinance Occupancy* Select Primary Residence Second Home Investment Property Home Description* Select Single Family Two Family Condo Townhouse Co-Op Credit Profile* Select Excellent: 740+ Good: 640-739 Fair: 580-639 Poor: Less than 580 Share this: Click to share on Facebook (Opens in new window) Click to share on Twitter (Opens in new window) Click to share on LinkedIn (Opens in new window) Click to print (Opens in new window) More Homebridge Financial Services, Inc. 194 Wood Avenue South, Ninth Floor Iselin, NJ 08830 NMLS ID #6521 ©2021 Homebridge Financial Services, Inc. Resources Mortgage Calculator Mortgage Checklist Mortgage Glossary Renting vs Owning Credit Basics Appraisal Basics Down Payment Options Your Mortgage Payment Disaster Relief Center Contact Builder Division Careers Privacy Policy Privacy Choices NMLS Consumer Access Licensing Disclosure Home Mortgage Disclosure Act Notice Homebridge is not acting on behalf of or at the direction of HUD/FHA Or the Federal Government Give us a call Toll Free: 888-266-4930 Homebridge Wholesale Homebridge Builders REMN Wholesale Connect With Us Twitter LinkedIn Facebook YouTube You are working with Devin Collins.