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Compare Your Loan Options


Conventional
Mortgage
FHA
Loan
VA
Loan
USDA
Loan
Non-QM
Loan
Jumbo
Loan
Minimum FICO
Credit Score
620580620620540700
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
YesYesNoYesNoNo
Years Since
Bankruptcy
42231 day*7
Years Since
Foreclosure
732317
Years Since
Short Sale
43231 day*7
Special Qualification
Requirements
NoneNoneMust be U.S. VeteranUSDA "Rural" Property OnlyNoneLoan 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.