Below, you’ll find a breakdown of the most popular loan types, including Conventional, FHA, DSCR, and Bank Statement loans. Each loan type offers distinct benefits and requirements, so you can choose the one that fits your financial goals.
The most common loan type. Borrowers with strong credit and stable income, including first-time and repeat homebuyers
620
Competitive rates, flexible terms, no upfront mortgage insurance, and available for primary, second homes, or investment properties.
As low as 3% down for First-Time Homebuyers. Otherwise- 5% down
Buyers with limited savings and lower credit scores.
580 (with 3.5% down)
500 (with 10% down)
Low down payment, flexible credit score guidelines, and higher DTI allowances.
As low as 3.5%
Real estate investors looking to qualify based on rental income, not personal income.
Typically 660+
No income docs or tax returns required. Approval based on property cash flow.
20% Down Minimum
Self-employed borrowers who don’t show enough income on tax returns.
Typically 660+
Use 12–24 months of personal or business bank statements to qualify. No W2s or tax returns required. Available for primary, second homes, or investment properties.
15% Down Minimum
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