Compare Your Loan Options


Conventional
Mortgage
FHA
Loan
VA
Loan
USDA
Loan
Non-QM
Loan
Jumbo
Loan
Minimum FICO
Credit Score
620 580 620 620 540 700
Minimum
Down Payment
3% - 5% 3.5% 0% 0% 10% 20%
Maximum
Loan To Value
97%* 96.5%* 100%* 100%* 90%* 80%*
Maximum
Debt To Income
45%*
Exceptions to 50%
50%*
Exceptions to 55%
41%*
Exceptions to 50%
41%*
Exceptions to 45%
50%* 43%*
Mortgage
Insurance
Yes Yes No Yes No No
Years Since
Bankruptcy
4 2 2 3 1 day* 7
Years Since
Foreclosure
7 3 2 3 1 7
Years Since
Short Sale
4 3 2 3 1 day* 7
Special Qualification
Requirements
None None Must be U.S. Veteran USDA "Rural" Property Only None Loan amount above Conv. guidelines
Conventional Mortgage
Minimum FICO
Credit Score
:
620
Minimum
Down Payment
:
3% - 5%
Maximum
Loan To Value
:
97%*
Maximum
Debt To Income
:
45%*
Exceptions to 50%
Mortgage
Insurance
:
Yes
Years Since
Bankruptcy
:
4
Years Since
Foreclosure
:
7
Years Since
Short Sale
:
4
Special Qualification
Requirements
:
None
FHA Loan
Minimum FICO
Credit Score
:
580
Minimum
Down Payment
:
3.5%
Maximum
Loan To Value
:
96.5%*
Maximum
Debt To Income
:
50%*
Exceptions to 55%
Mortgage
Insurance
:
Yes
Years Since
Bankruptcy
:
2
Years Since
Foreclosure
:
3
Years Since
Short Sale
:
3
Special Qualification
Requirements
:
None
VA Loan
Minimum FICO
Credit Score
:
620
Minimum
Down Payment
:
0%
Maximum
Loan To Value
:
100%*
Maximum
Debt To Income
:
41%*
Exceptions to 50%
Mortgage
Insurance
:
No
Years Since
Bankruptcy
:
2
Years Since
Foreclosure
:
2
Years Since
Short Sale
:
2
Special Qualification
Requirements
:
Must be U.S. Veteran
USDA Loan
Minimum FICO
Credit Score
:
620
Minimum
Down Payment
:
0%
Maximum
Loan To Value
:
100%*
Maximum
Debt To Income
:
41%*
Exceptions to 45%
Mortgage
Insurance
:
Yes
Years Since
Bankruptcy
:
3
Years Since
Foreclosure
:
3
Years Since
Short Sale
:
3
Special Qualification
Requirements
:
USDA "Rural" Property Only
Non-QM Loan
Minimum FICO
Credit Score
:
540
Minimum
Down Payment
:
10%
Maximum
Loan To Value
:
90%*
Maximum
Debt To Income
:
50%*
Mortgage
Insurance
:
No
Years Since
Bankruptcy
:
1 day*
Years Since
Foreclosure
:
1
Years Since
Short Sale
:
1 day*
Special Qualification
Requirements
:
None
Jumbo Loan
Minimum FICO
Credit Score
:
700
Minimum
Down Payment
:
20%
Maximum
Loan To Value
:
80%*
Maximum
Debt To Income
:
43%*
Mortgage
Insurance
:
No
Years Since
Bankruptcy
:
7
Years Since
Foreclosure
:
7
Years Since
Short Sale
:
7
Special Qualification
Requirements
:
Loan amount above Conv. guidelines

* General guidelines listed in this loan comparison chart are subject to exception based on your individual financial history and status. Speak with a licensed mortgage consultant about your qualification for a mortgage loan. Loan programs, rates, terms, and conditions are subject to change without notice. Terms and conditions apply. All loans are subject to federal underwriting guidelines.