Smart financing for your next home

Loan Types

Most popular

Conventional loan

The most common mortgage. Great credit scores get the best rates. Ideal for buyers with stable income and solid credit history.

Down payment: 3–20%

Credit: 620+

FHA Loan

Government-backed loan perfect for first-time buyers or those with lower credit scores. Lower down payment required.

Down payment: 3.5%

Credit: 580+

VA Loan

Exclusively for veterans and active military. No down payment required and no private mortgage insurance (PMI).

Down payment: 0%

Military Only

USDA loan

Zero down payment loan for buyers in eligible rural and suburban areas. Income limits apply.

Down payment: 0%

Rural Area

Mortgage Calculator

Mortgage Calculator

Home price $300,000
Down payment 20%
Interest rate 6.5%
Loan term 30 yrs

Estimated monthly payment

Principal & interest only · Excludes taxes & insurance

$1,517

Getting Pre-Approved Step by Step

Step 1

Check You Credit

Pull your free credit report and review for errors before applying.

Step 2

Gather Documents

Pay stubs, tax returns, bank statements, and ID ready to go.

Step 3

Shop Lenders

Compare at least 3 lenders — rates and fees vary more than you think.

Step 4

Get Your Letter

Your pre-approval letter shows sellers you mean business

Frequently Asked Questions

  • Pre-qualification is a quick estimate based on self-reported info. Pre-approval is a verified review of your finances by a lender — much stronger when making an offer.

  • It depends on your loan type. FHA requires as little as 3.5%, conventional loans can go as low as 3%, and VA/USDA loans require zero down. A higher down payment lowers your monthly payment and avoids PMI.

  • Most conventional loans require a 620+ score. FHA loans accept scores as low as 580. The higher your score, the better interest rate you'll qualify for.

  • Closing costs typically range from 2–5% of the home's purchase price. They include lender fees, title insurance, appraisal, and prepaid taxes. We'll walk you through a full estimate before you close.

  • A fixed rate stays the same for the life of the loan — great for stability. An adjustable rate (ARM) starts lower but can change over time. Most buyers prefer fixed rates for long-term peace of mind.