Loan Programs

Which Mortgage is Right for You?

There are a number of different types of home loans available to you, and it can pay to familiarize yourself with them. Luckily we're here to help you choose the best type of home loan for your needs.

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Loan Program Options

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Conventional Loans


Conventional home loans are popular mortgage options that are not insured or guaranteed by the federal government. They are ideal for borrowers with good credit scores and stable financial histories. Here’s a brief overview of conventional loans with varying down payment options:

  • 3% Down Payment: Targeted mainly at first-time homebuyers, this option allows a minimal down payment, making homeownership more accessible. Private mortgage insurance (PMI) is required until 20% equity is reached.
  • 5% Down Payment: Offers a lower down payment than the traditional 20% but still requires PMI. This option suits those with a stable income and good credit but less savings for a down payment.
  • 10% Down Payment: Reduces the amount of PMI paid and may offer better interest rates compared to lower down payment options. It’s a balance between manageable down payment and reasonable monthly payments.
  • 20% Down Payment: The gold standard, offering the best interest rates and no PMI. This option results in lower monthly payments and significant interest savings over the life of the loan.

Each down payment option offers different benefits, depending on the borrower's financial situation and long-term homeownership goals. Choosing the right down payment amount can affect the loan's interest rate, PMI requirement, and overall loan cost.

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FHA Home Loans


An FHA home loan is a mortgage insured by the Federal Housing Administration, designed to help lower-income and first-time homebuyers secure financing. Here are the key features:

  • Low Down Payments: As little as 3.5% down, making it more accessible than many conventional loans.
  • Flexible Credit Requirements: Easier qualification terms than many other loan types, with options available for those with lower credit scores.
  • Mortgage Insurance Required: Includes an upfront mortgage insurance premium (UFMIP) and annual premiums, which are typically included in the monthly payment.
  • Government-Backed: Provides lender protection against borrower default, encouraging lenders to offer favorable terms.
  • Loan Limits: There are limits to how much you can borrow with an FHA loan, which vary by region.

FHA loans are popular among first-time buyers due to their lower barriers to entry compared to conventional mortgages. For more details on the program, eligibility, and application process, contact me today!!

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VA Loans


A VA home loan is a mortgage option backed by the U.S. Department of Veterans Affairs, available to service members, veterans, and eligible surviving spouses. Here are its key features:

  • No Down Payment Required: VA loans enable qualified buyers to finance 100% of the home's value without a down payment.
  • No Private Mortgage Insurance (PMI): Unlike conventional and FHA loans, VA loans do not require monthly PMI.
  • Competitive Interest Rates: Typically lower than those of conventional loans, reducing monthly payments.
  • Limited Closing Costs: The VA limits the closing costs lenders can charge to VA loan applicants.
  • Foreclosure Avoidance: VA offers assistance to borrowers in financial hardship to avoid foreclosure.

VA loans offer a path to homeownership with favorable terms to those who have served our country, providing significant financial benefits not readily available in other loan types. For more information on eligibility and benefits, Contact me today!

USDA Home Loans
USDA Home Loans


A USDA home loan supports rural and some suburban homebuyers to promote accessible homeownership. Here's a brief overview:

  • No Down Payment: Borrowers can finance the entire home price.
  • Lower Interest Rates: Generally lower than conventional loans due to USDA support.
  • Flexible Credit Requirements: More lenient than conventional loans.
  • Geographic Eligibility: Only in USDA-designated areas, which include numerous suburban locations.
  • Income Limits: Must not exceed 115% of the area's median income, adjusted for family size.
  • Mortgage Insurance: Requires a guarantee fee rolled into the loan and a low annual fee paid monthly.

Ideal for first-time buyers lacking a down payment, these loans facilitate buying in less populated areas.

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Bank Statement Loans


A Perfect Solution for Self-Employed Borrowers!

Are you a successful self-employed professional who earns well but has substantial tax write-offs that reduce your reported income? A Bank Statement Loan could be the key to turning your dream of homeownership into reality.

What is a Bank Statement Loan?

A Bank Statement Loan is a flexible mortgage solution designed specifically for individuals like you who have non-traditional income streams. Instead of relying on tax returns or W-2s, these loans use your bank deposits to assess your income. The interest rates are typically higher but this approach makes it ideal for entrepreneurs, business owners, freelancers, and contractors whose taxable income may not fully reflect their financial capabilities.

How Does It Work?

  1. Income Verification through Bank Statements:
    Borrowers provide 12–24 months of personal or business bank statements. Lenders analyze deposits to determine your average monthly income, excluding non-recurring items like one-off transfers.
  2. Loan Eligibility:
  3. These loans typically require:
    • A strong credit score (usually 620 or higher).
    • A down payment (often 20%).
    • Proof of consistent deposits showing financial stability.
  4. Flexible Guidelines:
    Unlike traditional loans, which require tax returns, Bank Statement Loans accommodate high write-offs and variable income streams, focusing on actual cash flow instead.

Why Choose a Bank Statement Loan?

  • Tailored for Self-Employed Individuals: You can qualify based on your true earning potential, not just what’s on paper.
  • No Tax Returns Required: Avoid the hassle of tax return scrutiny and benefit from simpler documentation.
  • Higher Loan Amounts: Lenders often approve larger loan amounts because they assess your ability to repay based on actual deposits.
  • Flexibility in Use: Perfect for purchasing a new home, refinancing, or even investing in additional properties.
  • Traditionally Higher but Competetive Terms: Because of the non-traditional structure, these loans often come with a little bit higher interest rates.

Who Should Consider a Bank Statement Loan?

If you are a self-employed professional with significant monthly deposits but a low taxable income due to deductions, this program could be your ideal solution. Common candidates include:

  • Small business owners
  • Realtors and contractors
  • Doctors, attorneys, and consultants
  • Freelancers or gig economy workers

Take the First Step Today

Don't let your tax returns limit your opportunities! Discover how a Bank Statement Loan can make homeownership or real estate investment possible. Reach out today for a personalized consultation and see how this innovative program can work for you.

Your income is more than just a number on paper—let’s make it work for you!

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One Time Close Construction Loans


One-Time Close construction loans are the perfect solution for financing your dream home. These loans combine the construction, lot purchase, and permanent mortgage into a single closing, eliminating the need for multiple loans and saving you time and money.

We offer several options to suit your needs, including 0% down payment VA, 0% down payment USDA, 3.5% down payment FHA, and 3%, 5%, 10%, and 20% down payment Conventional One-Time Close loans:

  • VA One-Time Close: Ideal for eligible veterans and active-duty service members, offering no down payment and competitive interest rates.
  • USDA One-Time Close: Perfect for rural homebuyers, featuring zero down payment and favorable terms for eligible properties.
  • FHA One-Time Close: A great choice for those with a smaller down payment, requiring as little as 3.5% and flexible credit requirements.
  • Conventional One-Time Close: Designed for borrowers with strong credit, offering a range of down payment options and competitive rates.

If you already own land, you can use the equity as a down payment or to cover closing costs. Additionally, the equity can be applied to buy down your interest rate, making your loan more affordable.

With One-Time Close construction loans, you can build a manufactured home, modular home, or barndominium. 

Let us help you make your dream home a reality!

Home Renovation Loans
Home Renovation Loans

FHA 203(k) Home Renovation Loan

The FHA 203(k) loan is designed for homeowners and buyers who want to finance the cost of home improvements and repairs along with their mortgage. This loan combines your home purchase and renovation costs into one convenient loan, making it an excellent choice for homes that need a little (or a lot) of TLC.

  • Eligible Properties: One- to two-family homes, FHA-approved condos, and certain manufactured homes.
  • Covered Renovations: Structural repairs, kitchen and bathroom remodels, flooring upgrades, roofing, and more.
  • Benefits: Low 3.5% down payment, flexible credit requirements, and the ability to turn a fixer-upper into your dream home.

USDA Home Renovation Loan

The USDA Home Renovation loan helps eligible rural homebuyers purchase a home and finance necessary repairs or upgrades all in one loan. This program is ideal for revitalizing homes in rural communities while keeping costs manageable.

  • Eligible Properties: Homes in USDA-designated rural areas.
  • Covered Renovations: Repairs to improve safety, livability, and energy efficiency.
  • Benefits: Up to 100% financing with no down payment required, affordable interest rates, and flexible credit guidelines.

VA Home Renovation Loan

The VA Home Renovation loan combines the benefits of a VA loan with the ability to finance home improvements. Exclusively available to eligible veterans, active-duty service members, and their families, this loan allows you to create a home that fits your needs.

  • Eligible Properties: Owner-occupied homes that meet VA requirements.
  • Covered Renovations: Repairs for safety, structural integrity, and cosmetic upgrades.
  • Benefits: No down payment, competitive interest rates, no private mortgage insurance (PMI), and options for minor or major renovations.

3% Down Payment HomeSmart Renovation Loan

The HomeSmart Renovation loan is a budget-friendly option for buyers looking to purchase a home and finance smaller-scale renovations with a low down payment. Perfect for first-time buyers, this program offers flexibility and affordability.

  • Eligible Properties: Single-family homes, condos, and select multi-family units.
  • Covered Renovations: Cosmetic updates, minor repairs, and energy-efficient upgrades.
  • Benefits: Just 3% down payment required, competitive rates, and streamlined financing for home improvements.



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1610 Lake Vista Lane
Severance, CO 80550
Phone: (970) 829-2437