Explore Your Financing Options
Choose Your Home Loan Program
Conventional
Conventional Loans
The standard benchmark for buyers with solid credit and stable income. These loans follow guidelines set by Fannie Mae and Freddie Mac.
- Min. Credit Score: 620+
- Down Payment: As low as 3% for first-time buyers.
- Max DTI Ratio: 43% – 45%
- PMI: Private Mortgage Insurance can be removed at 20% equity.
Qualification Criteria
- Min. Credit Score: 620
- Down Payment: From 3%
- Income: Stable DTI ratio < 45%
FHA Loan
FHA Loans
A federal government-insured loan ideal for first-time buyers or those with lower credit scores, offering flexible qualification requirements.
- Min. Credit Score: 580 for maximum financing.
- Down Payment: Minimum 3.5% required.
- Max DTI Ratio: Up to 50% in some cases.
- Benefit: More flexible underwriting and gift funds allowed.
Qualification Criteria
- Min. Credit Score: 580
- Down Payment: From 3.5%
- Income: Standard DTI up to 50%
VA Loan
VA Loans
Exclusive financing program for Veterans, Active Duty Service Members, and eligible surviving spouses, backed by the VA.
- Min. Credit Score: Typically 580-620 (varies by lender).
- Down Payment: 0% Down Payment for eligible borrowers.
- Qualification: Must provide a valid Certificate of Eligibility (COE).
- Benefit: No monthly mortgage insurance (PMI) required.
Qualification Criteria
- Min. Credit Score: Varies (580-620 typical)
- Down Payment: 0% Required
- Income: Must provide valid COE document
USDA Loan
VA Loans
Exclusive financing program for Veterans, Active Duty Service Members, and eligible surviving spouses, backed by the VA.
- Min. Credit Score: Typically 580-620 (varies by lender).
- Down Payment: 0% Down Payment for eligible borrowers.
- Qualification: Must provide a valid Certificate of Eligibility (COE).
- Benefit: No monthly mortgage insurance (PMI) required.
Qualification Criteria
- Min. Credit Score: Varies (580-620 typical)
- Down Payment: 0% Required
- Income: Must provide valid COE document
Down Payment Assistance
DOWNPAYMENT ASSISTANCE
What it is: Programs that may help qualified buyers with upfront purchasing costs.
What it’s for: Helping eligible buyers with down payment and/or closing costs.
How to qualify: Requirements vary by program and may include income, credit, location, occupancy, and purchase price limits.
Down payment: Varies. Some programs may provide assistance toward the required down payment.
Interest rate: Varies by the underlying mortgage and program.
Jumbo Loans
What it is: A mortgage that exceeds the applicable conforming loan limit. For 2026, the baseline conforming limit for a one-unit property is $832,750 in most U.S. counties.
What’s it for: Higher-priced residential properties that require financing above the conforming limit.
How to qualify: Generally requires strong credit, sufficient income, a manageable debt-to-income ratio, and additional financial reserves. Requirements vary by lender.
Down payment: Often higher than standard mortgages, commonly around 10% to 20% or more depending on the lender and borrower.
Interest rate: Varies by lender, loan amount, credit profile, and market conditions. It may be higher or lower than conforming mortgage rates.
Manifest Mortgage Group Financing
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