• Down payment requirements starting at 10% down (with no Mortgage Insurance required)
• Any loan amount greater than $766,550 (2024)
• Underwriting guidelines are more stringent than conforming loans
• Stricter debt-to-income ratios
• Higher credit score requirements vs. conforming loans

• Government-backed loan program geared to help designed for low-to-moderate income borrowers who are unable to make a large down payment get into a home.
• Less wait time after a major derogatory credit event (such as bankruptcy or foreclosure) vs. Conventional loan program.
• All funds to close can be in the form of a gift (restricts WHO can give the gift so let's talk)
• More lenient credit and debit ratios
• NOT required to be a first-time homebuyer (a common myth)
• 3.5% down payment required
• The 2024 maximum loan amount for an FHA loan in the Greater Austin area is $571,550 for a SFR.

Designed for those who serve, VA home loans provide low-cost financing for veterans of the U.S. armed forces. They are guaranteed by the U.S. Veterans Department and

• Does not require a down payment (though closing costs and prepaid expenses are required)
• Veterans with a 10% or greater service-related disability are exempt from the funding fee
• Less wait time after a major derogatory credit event (such as bankruptcy or foreclosure) vs. Conventional loan program.
• All funds to close can be in the form of a gift (restricts WHO can give the gift so let's talk)
• Most lenient credit and debit ratios
• Service requirements (listed here)
• NO mortgage insurance

•  Zero down payment mortgage that eligible homebuyers in rural and suburban areas which are backed by the United States Department of Agriculture (USDA).
• Eligible to roll in all closing costs into loan up to the appraised value (meaning house has to appraise higher than the contract sales price)
• All funds to close can be in the form of a gift (restricts WHO can give the gift so let's talk)
• Income requirements (limits)
• Stricter debt-to-income ratios than Conv, FHA or VA loans
• Property must be in an "eligible" area (map here)
• Lower monthly mortgage insurance vs Conv or FHA

• Can be used in conjunction with Conforming, FHA, VA and USDA loans
• Some DPA is not required to be repaid
• Income limits apply and vary based on program
• Maximum sales price apply and vary based on program
• Not all programs require buyer to be first-time homebuyer
• We offer over 5 DPA programs including: TDHCA, TSHAC, SETH, CHENOA
• Each DPA program has its own set of guidelines and restrictions
• I will always give you a DPA option to review, if you meet the guidelines
• Interest rates for DPA are generally higher than standard rate for the loan program (conforming, FHA, VA or USDA)

• Minimum down payment of 15% required (but interest rate is much better with 25% down)
• Maximum of 10 *FINANCED* properties owned by buyer
• Loan must close in buyer's name (not business name if applicable)
• Gift funds not allowed for down payment
• Conforming guidelines apply
• Continue to the next slide for "outside of the box" investor loans

• These loans are specialty loan programs for various lending situations
• Investors looking to close loan in the name of a LLC or own more than 10 financed rental properties
• Bank Statement Loans- instead of calculating income from tax returns; we get bank statements and add up all of the deposits
• NO INCOME investor loans. Qualification is based on the market rent for the property compared to the proposed monthly mortgage payment
• Ineligible or Non-Warrantable condos...depending on the reason we may have an investor for this property type!