Conventional loans come in a variety of options and with excellent advantages for qualified borrowers. While FHA and other government loans can have certain property restrictions, a conventional loan can be used on nearly all property types.
If you’d love to buy a home but lack credit, a down payment, or are unable to cover closing costs, an FHA loan may be the solution. FHA financing was developed to provide homebuyers with an alternative to conventional financing and include attractive and flexible guidelines.
Affordable Options for High Cost Areas
If you want to buy in an area considered high cost, or where properties typically exceed loan limits set annually by the Federal Housing Finance Agency, our high balance mortgage loans may be the solution you’re looking for. Movement offers high balance loans from both conventional and government home loan programs.
For Buying in Designated Rural Areas
This USDA-backed loan offers qualifying low-to-moderate income borrowers the option of no down payment when they buy in a designated rural area. This loan also offers flexible guidelines to eligible applicants
Get on the phone and talk to a lender about taking on a jumbo mortgage.
A type of non-conforming loan, jumbos in most housing markets can buy you a home worth more than $484,350 — the limit for “conforming loans” supported by mortgage giants Fannie Mae and Freddie Mac. Non-conforming loans are any that exceed that funding limit.
If you’re active duty military, a veteran or an eligible family member of a military veteran, you may qualify for a Veterans Affairs loan. The VA Mortgage is a government-based product offering 100% financing of the reasonable value of the property, with less restrictive qualifying terms than conventional programs.