Mortgage Loan Options
When you’re comparing mortgage loan options, you don’t need noise or gimmicks—you need clear paths that match your timeline, credit profile, and budget. The JD.Mortgage team at PRMG is a hybrid lender and broker, which means we can shop aggressively while keeping the process tight and accountable. On this page, we’ll map the major loan categories, who they fit, and the tradeoffs so you can choose with confidence. Have a question? Contact the JD.Mortgage team.
Mortgage Loan Options: How to Choose
Start with purpose: purchase, refinance, or tapping equity. Then match the program to your credit, income documentation, occupancy, and property type. Rate matters, but cost and flexibility matter more. We’ll walk you through fixed vs. adjustable, points vs. no points, and whether to keep your current first mortgage and add a second. See programs below.
Conventional Loans
Conventional loans work well for strong credit, standard income, and properties that fit Fannie Mae and Freddie Mac rules. They allow competitive pricing, mortgage insurance that can eventually be removed, and solid options for both purchase and refinance. Ideal when you have at least 3–5% down and want predictable payments. Explore Conventional Loans.
FHA Loans
FHA loans fit buyers who want flexible credit and debt-to-income allowances with as little as 3.5% down. They can be a strategic bridge into homeownership, especially if you’re rebuilding credit or need more room on ratios. We’ll price both FHA and Conventional so you can see the lifetime cost difference. See FHA details.
VA Home Loans
Eligible Veterans, Active-Duty, and qualifying spouses can access competitive VA financing with no down payment in many cases. Our branch specializes in tough files other lenders won’t touch—including no minimum credit score overlays. If you’ve been turned down elsewhere, get a second look here. Learn about our VA “no minimum credit score” approach.
USDA Loans
For qualifying rural areas and income limits, USDA offers zero-down financing with attractive terms. It’s ideal if your target neighborhoods meet the map guidelines and you want to minimize cash to close. We’ll verify property eligibility and income thresholds up front. Check USDA options.
Jumbo Loans
When your loan amount exceeds standard conforming limits, Jumbo financing steps in with bank-level underwriting and pricing. We’ll help you compare fixed and ARM structures, reserve requirements, and ways to optimize cash flow without overpaying for points. Review Jumbo programs.
Non-QM (DSCR, Bank Statement, ITIN, Asset Depletion)
Non-QM programs serve self-employed, investors, and unique income profiles. Options include DSCR (qualify on rental cash flow), bank statement (business or personal deposits), ITIN, and asset depletion. The key is matching documentation to your real income story—cleanly and compliantly. Explore Non-QM solutions.
Second Mortgages & HELOCs
If your first mortgage rate is great, don’t blow it up. Consider a closed-end second or a HELOC to access equity for renovations, debt consolidation, or investments. We’ll stress-test payment variability and help you choose between fixed second vs. revolving HELOC. Compare Second Mortgages or HELOCs here.
Construction & Renovation
From land-plus-build to major renovations, construction financing requires clean budgets, timeline controls, and draw management. We’ll compare one-time close vs. separate construction and end loans, and coordinate with your builder to keep funds moving. View Construction Loans.
Reverse Mortgages
For homeowners 62+, reverse mortgages can turn housing wealth into tax-advantaged cash flow, a standby line of credit, or a way to eliminate your monthly mortgage payment while staying in the home. We’ll model your options and review safeguards. Start a no-pressure consult.
Refinance Strategies
Refinancing isn’t one-size-fits-all. We evaluate breakeven timelines, costs vs. savings, debt payoff plans, and whether a second mortgage or HELOC makes more sense. If your goal is flexibility, sometimes “do nothing” is the smartest move. See Refinance strategies.
Calculators & Process
Run payment estimates and test scenarios before you shop. Then review our step-by-step mortgage process, including what to upload, how to avoid delays, and when locking makes sense. We’ll protect your time and sanity. Open the Mortgage Calculator or see the Mortgage Process.
When to Use Points, Buydowns, or No-Point Pricing
Paying points can reduce rate, but only pays back if you’ll hold the loan long enough. Temporary buydowns can ease into payments during the first years, while no-point pricing preserves cash. We’ll model scenarios so you don’t guess. Ask for a side-by-side comparison.
Documentation Paths
Choose Full Doc (W-2s/1040s), Alternative Doc (bank statements), or, for investors, DSCR. We’ll map the cleanest route to underwriting approval and explain tradeoffs for each path. Less friction, fewer surprises. Connect with the JD.Mortgage team.
Who We Serve
Move-up buyers, relocations, first-time buyers, investors, self-employed borrowers, and retirees. We lend in 49 states (not New York) and coordinate with your agent, builder, and title so you don’t babysit the file. Start with the JD.Mortgage main page.
Get Clarity Without Pressure
You don’t need to “apply” to get educated. Share your goals, we’ll outline a plan and timing, and if the market shifts, we’ll adjust. When you’re ready, we’ll execute quickly and cleanly. Message the team when you’re ready.
All Loan Programs We Offer
This page covered the highlights. For deep dives and current guidelines, use the links below. We’ll keep this list updated so you always land on the right page for your next step. Back to the top.