Loan Types « Education

Decisions, Decisions, Decisions…

What matters most to you with your home loan?

  • Do you need down payment assistance?
  • Do you have concerns about being self-employed?
  • Are you currently in or have served in the military?
  • Are you a first time home buyer?
  • Do you want a 10, 15, 20 or 30 year mortgage?

We have a program that will meet the needs of any situation you are in:

Home Purchase

Program 10 Year 15 Year 20 Year 25 Year 30 Year Minimum Down Payment Program Highlight
FHA x x x x 3.50% Low credit – low down payment
Conventional x x x x x 5% Cheaper mortgage insurance- potentially none at all
USDA Rural Housing x 0% 0% down- very low mortgage insurance
VA x x x x 0% 0% down- no mortgage insurance
Utah Housing x 0% 0% down. low income, first time homebuyer program

Home Refinance

Program 10 Year 15 Year 20 Year 25 Year 30 Year No Appraisal Necessary! (check for eligibility) Program Highlight
FHA x x x x x No income – no appraisal!
Conventional x x x x x Great rate, fast loan!
Du REFI Plus x x x No appraisal requirement – up to 125% LTV
Open Access x x x No appraisal requirement – up to 125% LTV
USDA Rural Housing x x No appriasal requirement – no mortgage insurance
VA x x x x No appriasal requirement – no mortgage insurance