What Loan Type is Best for You?

We arrange financing under a variety of programs, each suited to a different type of borrower. Our mix-and-match guide below helps you decide what works best for your needs.

If you want the lowest down payment, or if your credit isn’t ideal, an FHA loan may be for you. FHA loans require only a 3.5% down payment. This can be a big advantage for first-time homebuyers who may not have as much cash on hand. Or, if your credit has been damaged, FHA underwriting guidelines are not as stringent as conventional loans.

If you have strong credit and adequate down payment, a conventional loan is probably best. These loans have stringent underwriting guidelines but often offer the lowest rates.

If you’ve served in the military, you may be eligible for a VA loan. VA loans offer favorable terms and can provide up to 100% financing.

If you live in a small town or rural area, you may qualify for a USDA loan. Many buyers are surprised to discover they’re eligible for a USDA loan. USDA loans offer up to 100% financing and very competitive rates.

We can help you evaluate your situation and determine the best loan type for you and your family.  Call us at (205) 879-7775 or contact us online to discuss your options.