1. Conventional Loan

The most common type of residential mortgage.

Key Features

  • Not government-backed
  • Based on lender guidelines
  • Credit score, income, and DTI are very important

Typical Requirements

  • Down payment: 3%–20%
  • No PMI with 20%+ down
  • Usually requires a 620+ credit score

Best For

  • Buyers with stable income and good credit

2. FHA Loan

A government-backed loan designed for first-time or lower-credit buyers.

Key Features

  • Lower down payment requirement
  • Easier qualification standards

Typical Requirements

  • 3.5% down payment
  • Lower credit score acceptable
  • Mortgage insurance (MIP) required

Best For

  • First-time homebuyers
  • Buyers with limited savings or lower credit

3. VA Loan

A loan program for eligible veterans, active-duty military members, and certain spouses.

Key Features

  • 0% down payment possible
  • No PMI required
  • Government-backed

Best For

  • Qualified military borrowers

4. Jumbo Loan

Used for higher-priced properties that exceed conventional loan limits.

Key Features

  • Common in high-cost areas like Los Angeles
  • Stricter income and asset requirements

Typical Requirements

  • Often requires 10%–20% down
  • Strong reserves and credit preferred

Best For

  • Luxury or high-value home purchases

5. ARM (Adjustable-Rate Mortgage)

A mortgage with an interest rate that can change over time.

Common Structures

  • 5/1 ARM
  • 7/1 ARM
  • 10/1 ARM

Key Features

  • Lower initial interest rate
  • Rate may increase later

Best For

  • Buyers planning to move or refinance before adjustment period

6. Interest-Only Loan

A loan where the borrower pays only interest for a certain period.

Key Features

  • Lower initial monthly payments
  • Principal balance does not decrease during interest-only period

Best For

  • Investors or buyers focused on short-term cash flow

📌 Quick Summary

  • Conventional → Most common traditional loan
  • FHA → Great for first-time buyers
  • VA → Best option for eligible veterans
  • Jumbo → Common in Los Angeles luxury markets
  • ARM / Interest-Only → More strategic or investor-focused financing

📌 Additional Loan Programs Available

We also offer financing options for:

  • 1–4 unit residential properties
  • 5+ unit commercial/multifamily properties
  • Foreign national loan programs

Please feel free to contact us for more information and personalized financing solutions.