Conventional
Available in a variety of terms. Conventional loans require no PMI with a down payment of 20% or more.
DOWN PAYMENT
As low as 3%-5%
CREDIT SCORE
As low as 620
LOAN AMOUNT
Up to $625,000 depending on county limits
MORTGAGE INSURANCE
Until 78% – 80% LTV
PROPERTIES
Single family, 1-4 units, condos, manufactured homes, investment properties
DEROGATORY EVENTS
No Bankruptcies in last 4 years
No short sales in last 4 years
No foreclosures in last 7 years
SELLER CONTRIBUTIONS
Up to 9% depending on LTV
GIFTED FUNDS
Allowed
FHA
A government insured loan that typically offered lower rates than conventional loans and is great for
first-time buyers.
DOWN PAYMENT
As low as 3.5%
CREDIT SCORE
As low as 580
LOAN AMOUNT
Up to $625,000 depending on county limits
MORTGAGE INSURANCE
For life of loan
PROPERTIES
Single family, 1-4 units, condos, manufactured homes
DEROGATORY EVENTS
No Bankruptcies in last 2 years
No short sales in last 3 years
No foreclosures in last 3 years
SELLER CONTRIBUTIONS
Up to 6%
GIFTED FUNDS
Allowed
VA
Available to U.S. veterans, reservists, active duty and surviving spouses based on military entitlement.
DOWN PAYMENT
As low as 0%
CREDIT SCORE
As low as 500
LOAN AMOUNT
Entitlement Limit
MORTGAGE INSURANCE
None
PROPERTIES
Single family, 1-4 units, condos, manufactured homes
OCCUPANCY
Primary residence
SELLER CONTRIBUTIONS
More than 4%
ALL closing costs and up to 2 discount points
GIFTED FUNDS
Allowed
USDA (Rural Mortgage)
Rural property loans which typically offer lower rates than conventional loans.
DOWN PAYMENT
As low as 0%
CREDIT SCORE
As low as 580
LOAN AMOUNT
depending on county
SELLER CONTRIBUTIONS
Up to 6%
GIFTED FUNDS
Allowed
Non-Conforming
Ideal for buyers who cannot typically get approved for conventional or other
qualified loan programs.
These are typically utilized by clients who have had financial issues but have sufficient income and assets or even applies to jumbo loans.
INCOME BASED ON
Bank statements
Cash flow
Full documentation
CREDIT SCORE
Dependent on program
LOAN AMOUNT
Conforming loan limits and
Jumbo Loans
DSCR (Investment)
Used primarily for real estate investors who qualify based on rental income rather than personal income.
INCOME BASED ON
Property cash flow
(rents vs. expenses)
NO PERSONAL INCOME
Employment and W-2s not required
CREDIT SCORE
As low as 620
LOAN AMOUNT
Up to program limits
SELLER CONTRIBUTIONS
Allowed (varies by lender)
Down Payment Assistance
(DPA)
Helps first-time and qualifying buyers cover part of the down payment or closing costs.
PROGRAM TYPE
Grants, forgivable loans, or repayable assistance
ELIGIBILITY
Based on income, location, and first-time Homebuyer status
DOWN PAYMENT
Reduces or eliminates out-of-pocket requirement
CREDIT SCORE
As low as 580 (varies by program)
OCCUPANCY
Primary residence only
GIFTED FUNDS
Allowed
Reverse Mortgage
Loans for borrowers (usually 62+) that lets them convert home equity into cash or purchase a home, without required monthly payments.
PROGRAM TYPE
FHA-insured Home Equity Conversion Mortgage
ELIGIBILITY
Age 62+, sufficient home equity, and ability to maintain taxes, insurance, and property upkeep
PAYMENT OPTIONS
Lump sum, monthly payments, line of credit, or a combination
REPAYMENT
No monthly mortgage payments; loan is repaid when the home is sold, refinanced, or no longer the primary residence
CREDIT & INCOME
Flexible requirements; financial assessment ensures ability to meet property obligations
Cash-Out Refinance/
Home Equity
Tap into your home’s equity through a refinance of your 1st mortgage or a standalone 2nd mortgage.
© 2026 Coast2Coast Mortgage, LLC (NMLS 376205) | Equal Housing Opportunity
All information contained herein is for informational purposes only and, while every effort has been made to ensure accuracy, no guarantee is expressed or implied.
Any programs shown do not demonstrate all options or pricing structures. Rates, terms, programs and underwriting policies subject to change without notice. This is not an offer to extend credit or a commitment to lend. All loans subject to underwriting approval. Some products may not be available in all states and restrictions apply.