BUY A HOME WITH CONFIDENCE

Every buyer is different. Vanguard Mortgage Group offers multiple financing options for qualified borrowers.

CONVENTIONAL LOANS

A flexible mortgage option for buyers ranging from first-time homeowners to experienced purchasers.

May be a good fit for:
Buyers with established credit 680+, borrowers seeking flexible down-payment options, and buyers purchasing primary residences, second homes or eligible investment properties.

FHA LOANS

Government-insured financing designed to provide qualified buyers with flexible credit 580+ and down-payment requirements. Down Payment Assistance available (3.5%-5%).

May be a good fit for:
First-time buyers, buyers with limited funds available for a down payment, and borrowers who may benefit from FHA qualification guidelines.

VA LOANS

A powerful home financing benefit available to eligible veterans, active-duty service members and certain surviving spouses.

Qualified borrowers may be eligible for financing with no down payment, subject to VA eligibility and loan requirements. Credit scoresMost mainstream lenders require a score of at least 620. Some flexible lenders accept scores down to 580 or 550.

USDA LOANS

USDA financing can provide eligible borrowers purchasing homes in qualifying rural and suburban areas with a low or potentially no-down-payment financing option. Minimum credit scores of at least 620 to 640.

May be a good fit for:
Qualified buyers purchasing an eligible property who meet applicable USDA income and program requirements.

JUMBO LOANS

Purchasing a higher-value property? Jumbo financing provides mortgage options for loan amounts exceeding applicable conforming loan limits. maximum loan amounts up to $3,000,000 for purchase and rate & term refinance (up to $2,000,000 for cash-outs). First-time home buyers are limited to $1,250,000.

Key Jumbo Parameters:

• Maximum CLTV: Up to 90% (50% maximum for condo transactions over $2,500,000)

• Maximum DTI: 50%

• Minimum FICO: 660

• Property Types: 1-4 units eligible for primary residences, second homes, and investment properties (3-4 units permitted as investments only)

NEW CONSTRUCTION

Building or purchasing a newly constructed home requires financing that understands the construction process.

Vanguard Mortgage Group offers financing solutions for qualified borrowers purchasing or building new-construction homes. 5% down one-time close, fund your land purchase and construction cost at the same time! 700 credit score required.