Every loan type we offer is on this page. VA, FHA, USDA, Conventional, Jumbo, Non-QM (bank statement, 1099, P&L, asset depletion, ITIN, foreign national, DSCR), HELOC, Closed-End Second, Fix & Flip, and Construction. We’re a no-overlay shop — meaning we work each program to its actual published guidelines, not the inflated credit and DTI floors many lenders impose. Lending in 49 states. New York excluded.
No SSN required. Takes about 2 minutes.
1. Government-Backed Loans
VA, FHA, and USDA. Each is government-insured or guaranteed, which lets us accept lower credit, smaller down payments, and more flexible qualifying than conventional. These are often the right path for first-time buyers, veterans, and borrowers in rural and suburban areas.
VA Loans
No-overlay VA lending. No minimum credit score. Manual underwriting expertise. 0% down with full entitlement. VA IRRRL streamline, VA cash-out, VA jumbo, and 100% disabled veteran financing. The clear winner for any veteran who qualifies.
FHA Loans
For buyers who don’t fit a perfect underwriting box yet. 580+ credit with 3.5% down or 500-579 credit with 10% down. 1-4 unit owner-occupied. FHA 203(k) renovation. FHA Streamline refinance. Back-to-Work credit recovery.
USDA Loans
100% financing for eligible rural and many suburban areas. 0% down. Household income up to 115% of area median income. Lower monthly cost than FHA. More areas qualify than most buyers realize.
2. Conforming & Jumbo
Conventional conforming loans (sold to Fannie Mae and Freddie Mac) and full jumbo loans above the conforming limit. The default loan category for most W-2 borrowers with strong credit, plus 8 distinct jumbo programs for higher-priced markets.
Conventional Loans
2026 conforming limit $832,750 baseline, $1,249,125 in high-cost counties. 620+ credit. 3% down via HomeReady or Home Possible. 5% standard first-time buyer. PMI removable at 20% equity. Long-term winner over FHA once equity builds.
Jumbo Loans
8 distinct jumbo programs. 660+ credit. 10% down up to $2M on multiple programs. Interest-only up to $5M. VA jumbo. Most programs require no PMI even at 89.99% LTV. Parallel non-QM jumbo paths for self-employed borrowers.
No SSN required. Takes about 2 minutes.
3. Non-QM & Self-Employed Paths
Alternative documentation loans for borrowers whose tax returns understate their real income — typically self-employed, 1099 contractors, asset-rich retirees, ITIN holders, and foreign nationals. Rate pricing has converged significantly with full-doc options in recent years.
Non-QM Loans Hub
The home base for non-QM lending. Overview of all non-QM products, who they’re for, and how rate pricing compares to full-doc alternatives.
Bank Statement Loans
12 or 24 months of personal or business bank statements as income documentation. No tax returns required. Up to $3.5M loan amount. The most common non-QM path for self-employed borrowers.
1099 Income Loans
For 1099 contractors and commission earners. Qualify using 1099 income directly. 100% gross counts. Useful when 1099s show consistent earnings but tax returns understate take-home income.
P&L Statement Loans
CPA-prepared profit and loss statement as income documentation. Two paths: P&L With (660 credit, $3.5M max) or P&L Without (720 credit, $2M max, no first-time buyers). For self-employed borrowers whose CPA can document the business profile cleanly.
Asset Depletion Loans
Qualify on liquid assets instead of monthly income. Two options: Debt Ratio Calc (assets ÷ 84 months = monthly income) or Total Asset Calc (no DTI required if assets cover loan + down payment + closing + reserves + 5 years monthly obligations). Up to $3.5M.
ITIN & Foreign National Loans
For borrowers using an Individual Taxpayer Identification Number (ITIN) instead of an SSN, and for foreign nationals purchasing US property. Specific non-QM tiers exist for both. Covered in the Non-QM hub.
4. Investor Loans
For real estate investors. DSCR qualifies on the property’s rental income rather than personal income — the workhorse for portfolio scaling. Fix & Flip provides short-term financing for renovation projects.
DSCR Loans
Debt Service Coverage Ratio loans for investment properties. Qualifies on the property’s rental income, not yours. No personal income documentation required. Up to $2.5M ($1.5M for foreign nationals). The path for investors who want to scale without further documenting personal income.
Fix & Flip Loans
Short-term financing for investors purchasing, renovating, and reselling properties. Built for the flip timeline, not the buy-and-hold timeline.
No SSN required. Takes about 2 minutes.
5. Home Equity
For homeowners pulling equity from a property they already own. HELOC for revolving credit lines. Closed-End Second for a fixed-rate, fixed-term second mortgage. Both let you tap equity without refinancing your low-rate first mortgage.
HELOC & Lightning Equity Hybrid HELOC
Home Equity Line of Credit with revolving access to your equity. The Lightning Equity Hybrid HELOC adds fixed-rate draw locks and can fund in as little as 5 days — keep your low-rate first mortgage and access up to $750,000 of equity.
Closed-End Second Mortgage
Fixed-rate, fixed-term second mortgage. Take a lump sum at closing rather than a revolving line. Useful when you want predictable payments and a known payoff date, without refinancing the first mortgage.
6. Construction
For new construction projects — owner-builders and ground-up builds. Construction-to-permanent options that roll the construction loan into a standard mortgage when the home is complete.
Construction Loans
Ground-up construction financing for owner-builders and new construction projects. Construction-to-permanent options available. Also covers FHA 203(k) and conventional renovation paths for major remodels of existing homes.
7. Not Sure Which Loan Fits?
The right loan depends on six things: credit, down payment, occupancy, loan amount, documentation profile, and timeline. The fastest way to find your path is the intake form — about 2 minutes, no SSN, no hard credit pull. We respond with a real assessment of which loan type fits your file and what monthly payment looks like.
Browse the FAQ Hub
Every loan type has its own FAQ page covering credit, down payment, qualifying rules, and process. If you have a specific question, the FAQ for your loan type usually answers it. Use the FAQ hub to jump to the right one.
No SSN required. Takes about 2 minutes.
About this page: Maintained by J.D. Peck, NMLS #314883, Area Manager and Mortgage Loan Originator at Paramount Residential Mortgage Group (PRMG), NMLS #75243. 25+ years of mortgage lending experience, 3,100+ loans closed, Scotsman Guide Top Originator 2026. Lending in 49 states. New York excluded. Last updated June 6, 2026.