Mortgage & Home Equity Programs
We offer loan options for almost every situation—let’s find yours.
| Loan Program | Program Description | Perfect For / Homeowner Type |
|---|---|---|
|
Conventional
PurchaseRefi
|
Competitive rates & flexible terms; as little as 3–5% down for eligible buyers. | Well-qualified buyers, repeat buyers, rate/term refinances. |
|
FHA
PurchaseRefi
|
Lower down payment and more flexible credit guidelines; up-front & monthly MI applies. | First-time buyers, moderate credit, limited down payment. |
|
VA
PurchaseRefi
|
$0 down on many purchases, no PMI; funding fee may apply; eligibility required. | Eligible Veterans, Service Members, and surviving spouses. |
|
HELOC
Equity
|
Revolving line of credit; interest-only draw options; keep your 1st mortgage intact. | Projects over time, cash-flow flexibility, emergency reserves. |
|
HELOAN (Closed-End 2nd)
Equity
|
Lump-sum 2nd with fixed rate & payment for predictable payoff. | Debt consolidation, one-time large expenses, keeping a low 1st rate. |
|
Cash-Out Refinance
Refi
|
Replace the 1st mortgage and access equity in cash; compare total cost vs. adding a 2nd. | Consolidating debt, major upgrades, large expenses. |
|
No Income Loan (Primary Residence)
PurchaseRefi
|
Primary residence only. Qualify on LTV, FICO, and reserves—no income docs. 660+ FICO, 20% down on purchase; cash-out to 70% LTV where eligible. | Self-employed, small-business owners, gig/seasonal earners, cash-based/online businesses, creators/influencers, asset-rich with limited documentable income. |
|
Jumbo
PurchaseRefi
|
High-balance financing above conforming limits with expanded options. | High-price areas, strong credit/income/reserves. |
|
First-Time Homebuyer & DPA
Purchase
|
Programs paired with FHA/Conventional that may assist with down payment/closing costs. | Eligible first-time buyers meeting income/area/credit limits. |
|
Renovation (203k / HomeStyle)
PurchaseRefi
|
Finance purchase/refi + repairs in one loan. | Fixer-upper buyers, planned remodels. |
|
Reverse Mortgage
Equity
|
Tap home equity with no monthly mortgage payment (you must continue to pay taxes, insurance, and upkeep). | Typically 62+; some programs 55+ where offered. |
|
ITIN / Foreign National
PurchaseRefiInvest
|
Options for non-U.S. citizens or ITIN holders; alt-docs accepted; terms vary by program. | Foreign nationals, non-permanent residents, ITIN borrowers. |
|
USDA (where offered)
Purchase
|
Zero-down financing in eligible rural/suburban areas with income limits. | Qualified buyers in USDA-eligible locations. |
|
Bank Statement Loans
PurchaseRefi
|
Qualify for a mortgage using your bank statements as proof of income. | Business owners, gig workers, freelancers. |
|
Asset Utilization Loans
PurchaseRefi
|
Turn liquid assets into qualifying income (per program rules). | High-asset borrowers, self-employed professionals. |
|
DSCR Loans
Invest
|
Qualify using rental cash flow, not personal income. | Real estate investors, rentals/STRs (non-owner-occupied). |
|
P&L Loans
PurchaseRefi
|
Qualify with CPA-prepared profit & loss statements. | Business owners, serial investors. |
|
1099 Program
PurchaseRefi
|
Qualify using 1099 income documentation. | Contractors, commission-based earners, freelancers. |
|
Alt-Doc / No-Ratio
PurchaseRefi
|
Alternative documentation vs. traditional W-2s/tax returns. | Asset-rich borrowers, complex income scenarios. |
Purchase
Refi
Equity
Invest
Disclosures: Programs subject to borrower eligibility, underwriting, and lender guidelines. Availability and LTV/credit requirements vary by state/program. Rates/terms may change without notice. Reverse Mortgage borrowers typically must be 62+; some programs 55+ (where offered). Non-QM/Alt-Doc options have specific documentation requirements. This is not a commitment to lend. Prime Choice Funding, Inc. NMLS #117375 • Equal Housing Opportunity.
