Loan Products
At Moonlight Mortgage, we offer an array of loan products. My job is to assess your specific needs and determine which product best suits you. Below are a handful of the most common types of loans available. If there is anything more specific you are seeking, please contact me and we can discuss your options.
Conventional
Government
Alternative
Fixed
ARM
jumbo
FHA
VA
USDA
bank statement
investor DSCR
LOANS
LOANS
LOANS
HELOC
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Conventional Loans
- 20% down payment traditionally, but will also allow for as little at 3%, 5% or 10% as well
- Less that 20% down will require mortgage insurance
- Government backed (excluding Jumbo loans) offering lower rates and greater protection
- Available for Purchase/Refinance/Cash-out
- Fixed rates and adjustable rates are available
- Jumbo loans are available for loan amounts exceeding $726,200 (as of 2023)
Government Loans
- No downpayment required on VA and USDA loans, minimum down payment for FHA is 3.5%
- Seller can contribute up to 4% of closing costs with VA loans and up to 6% using FHA/USDA
- Lower credit scores can be considered on FHA loans
- Government Insured Loan Program
- Available for Purchase/Refinance/Cash-out
- No mortgage insurance required on VA loans, but a funding fee may apply
Alternative Loans
- Bank Statement Loans are for self-employed borrowers that use 12-24 months of bank statements to determine income, no traditional income is used
- Loan amounts available up to $2MM
- Non-Warrantable Condo Loans available
- Asset depletion available to use for income
- No maximum number of properties financed and can close in an LLC
let's get your dream home financed!
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