Government insured 100% purchase loan. These Loans are only
offered in rural area's and serviced by direct lenders that meet federal guideline's.Under the terms of the program, an individual or family may borrow up to 100% of the appraised value of the home, which eliminates the need for a down payment. Since a common barrier to owning a home for many low-income people is the lack of funds to make a down payment, the availability of the loan guarantees from HCFP makes the reality of owning a home available to a much larger percentage of Americans.

Conventional loans offer 40, 30, 25, 20, 15, and 10 year fixed rate options and 1 year, 3/1, 5/1, 7/1 and 10/1 ARM options. These products are offered under Full Doc documentation type and some include an Interest Only option

FHA loans are loans that are insured by the Federal Housing Administration. They are available as fixed rate, ARM or buy down loan. FHA loans are often attractive to first time home buyers because they require lower down payments and have higher qualifying ratios than conventional loans.