Conventional loans are sometimes referred to as conforming.  Most real estate loans are not backed by an agency of the federfal government, and have a first lien position.  Conventional loans are conforming loans that limit loan amounts of single family residences to the current limit of $510,400 as of 2020 depending on what county you live in.

Jumbo loans do not meet the conventional conforming loan standards because the loan amount is too large and are also known as non-conforming.  Non-conforming loans are higher risk as they do not meet the Fannie Mae and Freddie purchasing requirements.  At Loan Experts, we have many options including alternative jumbo loan options.

In 1944 the U.S. congress passed the GI Bill of Rights to help those who served in the armed forces readjust to civilian life. One section of this bill provided loan programs with no money down and low closing costs to veterans. These loans, called VA loans, for the Veteran’s Administration are not given by the Veteran’s Administration. The government determines the basic guidelines for the loans and then guarantees the loan amount to the lender in case the borrower defaults.

Bank Statement Loans

Self-employed borrowers can have a challenging time qualifying for a traditional home loan. But you do not have to worry about there not being a program available to help you qualify for a mortgage. Bank Statement programs are designed specifically for those who do not have the tax documents, W-2’s,or adequate proof of income that clearly indicates their ability to pay. 

Investor Cash Flow DSCR Loans

Are you a real estate investor looking to grow your portfolio? Our Investor Cash Flow program is designed specifically to serve your real estate investment goals. This program allows you to qualify based on rental analysis to determine property cash flow. No personal income is needed to qualify. This saves you from submitting complicated income
statements and tax returns. Contact us today for  to get started fulfilling your goals.