Mortgage Information

There are a variety of loans available to every home owner!  You should have a detailed discussion about your personal circumstances with your loan officer to determine the best loan for you.  You may use any lender of your choice!  If you would like more information on pre-approval or questions about a home mortgage, you may visit  Deanna Galloway is with Thrive Mortgage and she is my preferred lender. Her website has a TON of information for you to review with regard to home mortgages!

Below is a very brief summary of some loan types. Again, for more detailed information, please contact a loan officer directly.

Conventional Loan

Requires a minimum of 5% down. If you put 20% or more down, you are not required to escrow your taxes and insurance. Generally takes 30 days to close.

FHA Loan

Requires a minimum of 3.5% down. Your MIP will stay with you for the LIFE of the loan if you only put 3.5% down. Escrow always required. Generally takes 30-45 days to close.

203K Loan

Used when a buyer wants to make cosmetic repairs or structural repairs; work is done after closing by approved general contractor.

Generally speaking, your credit score needs to be at 640. However, there are exceptions to that rule so make sure you discuss with the loan officer!

We have multiple loan options to get into your new home with ZERO MONEY DOWN. However, even though the loan is 100% financed, you are still required to front the funds for earnest money (generally 1% of sales price), option fee (generally $100), and inspections (generally range from $400-$700).

VA Loan

For our Veterans. ZERO down payment. Must have your DD214 to qualify.

100% USDA Loan

ZERO down payment for this loan! This is a “rural property” loan for homes in rural areas.  The approval for this loan is income and dependent based.


Down payment assistance up to 5% of loan amount which is based on credit score, median income and family size. No area restriction or minimum stay requirements. This is a gift – no repayment is required.


Very similar to the TSAHC Loan above – The qualifying income limitations are not as restrictive on the SETH Loan.