Purchase

FHA

  • 3.5% down
  • debt to income up to 55%
  • easier qualifications
  • mortgage insurance required, upfront & monthly
  • No cost streamline refinance available

Jumbo

  • 15% down
  • debt to income up to 45%
  • Strict qualifications
  • For loans higher than $417,000

Conventional

  • Between 5-20% down
  • Debt to income up to 45%
  • Stricter qualifications than FHA
  • Private Mortgage Insurance when above 80% Loan-To-Value
  • Loan Limit $417,000

Utah Housing

  • No down payment required
  • Must meet FHA guidelines
  • Annual income limits
  • Must live in the home – not a rental

USDA/Rural

  • No down payment required
  • Competitive fixed interest rates
  • Flexible credit guidelines
  • Mortgage insurance required, upfront & monthly
  • No maximum purchase limit
  • Home must be located in rural eligible area

VA

  • No down payment
  • no private mortgage insurance
  • relaxed credit  requirements
  • VA funding fee can be financed into the loan
  • no prepayment penalty
  • low rates comparable to conventional products
  • low closing costs
  • assumable VA morgages