Purchase Mortgage Loan

Purchase mortgages remain a cornerstone of real estate purchase activity across major housing markets such as California, Texas, and Florida. Buyers in regions like Corona, Temecula, and Murrieta often evaluate their financial goals alongside long-term property appreciation.

Popular Financing Programs

  • Buyers with limited savings and lower credit scores may benefit from FHA (especially for 2-4 units) while VA loan options that offer zero down payments with excellent rates.
  • Those purchasing homes well above $1 million frequently apply for jumbo loan programs since these products address higher property values.
  • Real estate investors can take advantage of rental property DSCR financing which qualifies them based on the income their property generates.
  • Self-employed buyers or salaried employees may choose a loan product that allows bank account deposits instead of traditional documents including a 1 year P&L, 1-2 years of 1099's or use investment account balances as another form of proving one's ability to repay the loan.

Expert advice on home loan programs in California, Texas, and Florida helps buyers compare their options and choose what fits their long-term goals.

Use table below to match up the property you're buying with the loan products.

Property You Are Buying Conventional FHA/VA Jumbo Non-QM
1-unit
Primary Home
✔
✔
✔
✔
1-4 units
Rental Property
✔
✔  [1]
✔
✔
5-10 units
Multi-unit Residential
✘
✘
✘
✔
5-10 units
Mixed-use Residential
✘
✘
✘
✔
1. Property must be purchased and lived in as a primary home. After 12 months of owning, it may be converted to an investment property and refinanced.

DISCLAIMER: Not all borrowers will qualify or be approved. Final approval is subject to underwriting review, credit verification, appraisal valuation reports, and other lender requirements. This is not a commitment to lend. Loan products and guidelines are subject to change without notice. Not all borrowers are eligible for low down payments displayed above.

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Disclosure: Minimum loan amount is $200,000 for residential loans. Loan programs are subject to change per lender at any time until the loan is approved and the rate is locked. Borrowers must be approved by underwriting. Not all applicants will qualify.