A VA loan is a mortgage loan guaranteed by the Veterans Administration. It was created in 1944 and signed into law by President Franklin D. Roosevelt. A VA loan provides veterans and/or their surviving spouses who have not remarried, with a federally guaranteed home with zero down payment. The program, also referred to as the GI Bill, has been highly successful and has helped millions of American veterans and their families acquire a home.


  • No down payment

  • VA does not require private MIP

  • Limit on the amount of origination fees and closing costs that the lender can charge

  • Limit also placed on appraisal fees



  • Borrower with eligibility remaining must have a Certificate of Eligibility from the VA

  • VA does not require private MIP

  • Borrowers are required to make a one-time funding fee based on loan amount and applicant’s service length

  • Closing costs can be paid by the lender and the seller



The USDA Rural Housing Service has various programs available to aid low- to moderate-income rural residents to purchase, construct, repair, or relocate a dwelling and related facilities. USDA Rural Housing loan programs allow qualified homebuyers to get loans with minimal closing costs and no down payment.


  • No down payment requirement

  • Property must be located in an eligible rural area

  • Closing costs can be added to the loan amount (if the property appraises high enough to include it at up to 102% of the appraised value)

  • Loan government guarantee fee with no monthly guarantee fee

  • Low interest rates

  • Applicants with a wide range of credit profiles may qualify

  • Income eligible applicants who do not qualify for conventional financing may qualify

  • Families & individuals that have minimal funds for a down payment and closing costs includes first time homebuyers and repeat homebuyers

  • Seller concessions – 6% max

  • No cash reserve requirement

  • No Non-Allowable costs

  • No First Time Homebuyer Requirement

  • 30 Year Loan @ competitive fixed rate

  • No limit on gift funds



    Property must be in very good condition and have a high insulation R-factor

    You can not make over 50% of 115% of the median county income to qualify

    Must be able to verify income limits



The Federal Housing Administration was created in 1934 in an effort to bolster homes sales during the Depression. By financially guaranteeing loans, the FHA lifts much of the risk of non-payment and foreclosure from private lenders. It is important to remember that the FHA is not a lender; they just guarantee your loan.


  • Bankruptcy not an automatic disqualification

  • Lower interest rates

  • Down payment is less

  • Lower mortgage points and other closing cost requirements

  • Resale can be made more quickly

  • Is backed by the U.S. government



  • Down payment required

  • Higher upfront Mortgage Insurance Premium (MIP) than on conventional loans but monthly MIP is lower

  • Loan Limits are lower than conventional

  • MIP required regardless of the Loan-to-Value (LTV)



Jumbo loans are available to borrowers that are looking to borrow quantities larger than the conforming limits.



  • Jumbo loans offer affordable terms for higher-priced homes.

  • They are ideal for high-income earners with good credit.

  • Low-down-payment options are available.



  • Interest rates are higher.

  • Qualification standards may be tougher.

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Conventional loans are actually any type of creditor agreements that are not financed by the Veterans Administration (VA), or supported by the Federal Housing Administration (FHA). In general, all conventional loans are protected by the government sponsored entities such as Fannie Mae (FNMA) and Freddie Mac (FHLMC).


There are two different types of Conventional loans; Conforming and Non-Conforming loans. Conforming loans have to meet the guidelines set by Fannie Mae and Freddie Mac. Any loan which does not meet guidelines is a non-conforming loan.



  • Lower Fees: Fees associated with Conventional loans frequently are lower than other loan products because the lender sets these rates.

  • Interest Rates: Lenders determine the rates to offer borrowers based on their credit scores. A person with a solid credit score is often able to secure a lower rate.



  • Renovation lending – Homestyle and 203k resources, with dedicated staff to support you from start to finish

  • Non-Agency Programs - include 95% Jumbo with no MI near prime rates, 90% bank statement options, asset depletion for Jumbo loans, Fico as low as 620, non-warrantable condos, and more

  • OFF term products such as a 27 year, 18 year, 22 year loan terms

  • 580 fico FHA/VA up to high balance loan amounts on Purchase, R/T Refi and VA C/O, plus streamlines and IRRRLs

  • Manual underwrites on FHA loans with expanded DTI up to 40/50, compensating factors required

  • DACA Borrowers with FNMA programs




Real estate investment is the purchase of a future income stream from property and can offer several advantages over other types of investments, including potentially higher returns, stability, inflation hedging, and diversification. Here are some of the key reasons to consider investing in real estate.

Competitive Risk-Adjusted Returns

Based on July 2018 data from the National Council of Real Estate Investment Fiduciaries (NCREIF), private market commercial real estate returned an average of 9.85% over the past five years. This credible performance was achieved, together with low volatility relative to equities and bonds, for highly competitive risk-adjusted returns.

Critics argue that the low volatility characteristic of real estate is the result of infrequent real estate transactions and property values often determined by third-party appraisals, which tend to lag the market. The infrequent transactions and appraisals result in a smoothing of returns, as reported property values underestimate market values in an upturn and overestimate market values in a downturn.

While it's true that historic estimates of real estate volatility should be adjusted upward, real-time markets are vulnerable to sudden unexpected shocks. A good example of this would be the "Flash Crash" of May 2010, when $1 trillion in stock market value was erased in just 15 minutes. In an environment where market volatility is an issue and the dynamics of algorithmic trading are murky, the more stable pricing of real estate is attractive.

High Tangible Asset Value

Unlike stocks, and to some extent, bonds, an investment in real estate is backed by a high level of brick and mortar. This helps reduce the principal-agent conflict or the extent to which the interest of the investor is dependent on the integrity and competence of managers and debtors. Even real estate investment trusts (REITs), which are listed real estate securities, often have regulations that mandate a minimum percentage of profits be paid out as dividends.

Attractive and Stable Income Return

A key feature of real estate investment is the significant proportion of total return accruing from rental income over the long term. Over a 30 year period from 1977 to 2007, close to 80% of total U.S. real estate return was derived from income flows. This helps reduce volatility as investments that rely more on income return tend to be less volatile than those that rely more on capital value return.

Real estate is also attractive when compared with more traditional sources of income return. The asset class typically trades at a yield premium to U.S. Treasuries and is especially attractive in an environment where Treasury rates are low.


Portfolio Diversification

Another benefit of investing in real estate is its diversification potential. Real estate has a low and in some cases negative, correlation with other major asset classes. This means the addition of real estate to a portfolio of diversified assets can lower portfolio volatility and provide a higher return per unit of risk.

Inflation Hedging

The inflation hedging capability of real estate stems from the positive relationship between GDP growth and the demand for real estate. As economies expand, the demand for real estate drives rents higher and this, in turn, translates into higher capital values. Therefore, real estate tends to maintain the purchasing power of capital by passing some of the inflationary pressure on to tenants and by incorporating some of the inflationary pressure in the form of capital appreciation.

The Drawback: Lack of Liquidity

The main drawback of investing in real estate is illiquidity or the relative difficulty in converting an asset into cash and cash into an asset. Unlike a stock or bond transaction, which can be completed in seconds, a real estate transaction can take months to close. Even with the help of a broker, simply finding the right counterparty can be a few weeks of work.


The Bottom Line

Real estate is a distinct asset class that is simple to understand and can enhance the risk and return profile of an investor's portfolio. On its own, real estate offers competitive risk-adjusted returns, with less principal-agent conflict and attractive income streams. It can also enhance a portfolio by lowering volatility through diversification. Though illiquidity can be a concern for some investors. Just like any investment, investing in real estate has many risk factors, and won’t always be profitable. Leveraging real estate investments can sometimes provide a higher rate of return, but typically, the more you leverage the higher the risk.



Reasons to Refinance

  • Lower My Monthly Payment: By refinancing your mortgage, you can lower your interest rate as well as your monthly payment. Let’s see how we can reduce your payment today!

  • Put Cash in My Pocket: Be savvy, learn to capitalize your equity just like your checking account. Refinancing can be a great way to put money in your pocket.

  • Consolidate My Debt. Simplify My Life: Having multiple loans can sometimes be a burden. Take charge and pay your high interest debt with one easy payment.

  • Improve My Credit Score: If your credit score has recently improved, you can be eligible for a lower interest rate on your mortgage. Refinance today and lower your rate!

  • Stop My Payments from Rising: Refinancing can put a stop to rising payments. Have peace of mind by locking in your monthly rate and payment.

  • Remove or Add Additional Borrower



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