THE LENDING MIX

Conventional Loan

Conventional Loans are the most popular type of mortgage loan. They come in a range of terms including the common 15-year and 30-year terms. Since conventional mortgage loans are not insured by the government like FHA or VA Loans, they have stricter credit standards.

FHA Loan

An FHA (Federal Housing Administration) Loan is a mortgage that’s insured by the federal government. FHA Loans have more flexible credit score requirements and are a good option for borrowers who may not have saved enough for a large down payment. 

VA Loan

The VA Loan is a government-sponsored mortgage backed by the U.S. Department of Veteran Affairs (VA) and offered through VA-approved lenders. It is available to all active-duty military, Veterans, reservists, National Guard, and surviving military spouses.

USDA Loan

The USDA Home Loan, or rural development loan, is a low-interest government-sponsored mortgage available for designated rural and suburban areas. 
The USDA Loan is a 0% down payment mortgage designed to help low- to moderate-income households.

Jumbo Loan

A Jumbo Loan is a type of non-conforming mortgage loan for expensive properties that is not backed by the federal government and exceeds the conventional conforming loan limits set by the Federal Housing Finance Agency (FHFA). 

All In One Loan

Designed after popular programs around the world, the All In One Loan is the nation’s first transactional offset type-mortgage program. Home financing and banking combined. 

203(K) Renovation Loan

An FHA 203(k) Renovation Loan is a government-backed mortgage that combines the costs of a home purchase with the costs of home renovations. The 203(k) Renovation Loan offers homeowners and home buyers an easier way to pay for home remodeling costs. 

Fannie Mae HomeReady®

Fannie Mae HomeReady® provides a low down payment mortgage with cancellable mortgage insurance once home equity reaches 20%.

Freddie Mac HomePossible®

Freddie Mac Home Possible® is a 3-5% down payment mortgage with flexible down payment sources and cancellable mortgage insurance.

HomeFundIt

HomeFundIt is an online down payment gift tool that helps potential homeowners increase their down payment savings. Whether you need to increase your current down payment savings or you’re starting from scratch, HomeFundIt is the down payment solution you’ve been looking for.

Reverse Mortgage

A Reverse Mortgage helps homeowners ages 62+ take advantage of their home equity to retire with more financial freedom and flexibility.

HELOC

CMG offers a financing solution that can turn your home equity into cash in as little as 5 days. Whether you want to avoid dipping into savings or taking out a personal loan, or just want an alternative option to pay for life’s next steps, our 5-Day HELOC can help.

Community One Grant

The Community ONE Grant program is a down payment assistance program for Buyers. It reduces the out-of-pocket costs, provides an affordable solution to rising rents, offers the opportunity to establish equity, and helps Buyers build generational wealth through homeownership.

Homestyle® Renovation

The HomeStyle® Renovation Loan can help you both purchase AND rehab your next home. The purchase price and renovation costs are combined into ONE loan with one monthly payment. You can borrow money based on the value of the home AFTER the renovations are completed.

LOAN PROGRAMS

Different mortgages impact your down payment, need for insurance, and loan duration. To find your perfect mortgage, chat with The Lending Mix.