FHA

The FHA loan is backed by the federal government, allowing you to acquire a loan to purchase home with a smaller down payment and an imperfect credit score.

Minimum Down Payment

3.5%

Minimum Credit Score

620

Key Advantage

Low down payment

Borrow more money

FHA Streamline

Despite the benefits of an FHA mortgage, you may one day need to refinance your mortgage in order to take advantage of lower interest rates.

Minimum Down Payment

N/A

Minimum Credit Score

620

Key Advantage

No income

No appraisal

203k

With a Full FHA 203k mortgage, you get the money you need to purchase the home but you also get extra money to help cover the cost of repairs.

Minimum Down Payment

3.5%

Minimum Credit Score

580

Key Advantage

Cover the cost of repairs

ARM

The ARM program allows you to take advantage of low rates in the mortgage market. Find out if you qualify today by filling out the application.

Minimum Down Payment

10%

Minimum Credit Score

620

Key Advantage

Lowest rate & payment

Jumbo

A Jumbo Mortgage is usually required when the price tag on a home exceeds $417,000. Neighborhood Loans is ready to handle Jumbo Mortgages and we can help you know what to expect for the qualifications.

Minimum Down Payment

5%

Minimum Credit Score

700

Key Advantage

Low Rate

VA

Neighborhood Loans takes pride in helping our nation’s veterans find the homes they deserve. Whether you’re actively serving in the armed forces or you’re retired from the service, you still qualify for a VA loan established by US Department of Veterans Affairs.

Minimum Down Payment

0%

Minimum Credit Score

620

Key Advantage

No down payment

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