Overview
FHA loans make it easier for more borrowers to achieve homeownership. Backed by the Federal Housing Administration, these loans feature low down payments and flexible credit requirements.

Key Features
– Down payments as low as 3.5%
– Credit scores as low as 580 may qualify
– Competitive fixed rates
– Assumable loans for easier resale

Eligibility & Guidelines
– Must occupy the home as a primary residence
– FHA-approved appraisal and property standards required
– Upfront and monthly mortgage insurance apply

Ideal For
– First-time homebuyers
– Borrowers with limited credit history or smaller savings
– Families looking for affordable entry into homeownership

Overview
USDA loans offer zero-down financing for homes in eligible rural and suburban areas, helping families enjoy affordable homeownership outside major city limits.

Key Features
– Down payments as low as 3% for first-time buyers
– Competitive fixed and adjustable rates
– No upfront government insurance fees
– Option to remove PMI once you reach 20% equity

Eligibility & Guidelines
– Credit score typically 620 or higher
– Debt-to-income ratio up to 45%
– Available for primary residences, second homes, or investment properties

Ideal For
– Borrowers with good credit and stable income
– Homebuyers looking for flexibility and low long-term costs
– Homeowners refinancing for better terms

Overview
VA loans are designed for veterans, active-duty service members, and eligible surviving spouses. With zero down payment and no monthly mortgage insurance, they’re one of the best paths to homeownership for those who’ve served our country.

Key Features
– 0% down payment
– No private mortgage insurance (PMI)
– Competitive interest rates
– Flexible credit and debt guidelines

Eligibility & Guidelines
– Must have a valid Certificate of Eligibility (COE)
– Must occupy the home as a primary residence

Ideal For
– Veterans and active-duty service members
– Eligible surviving spouses
– Buyers seeking affordable, no-down-payment options

Overview
When your dream home requires financing beyond conforming loan limits, Jumbo Loans provide the solution. StonePath Mortgage offers tailored jumbo financing to help you move forward with confidence.

Key Features
– Loan amounts exceeding conforming limits
– Competitive interest rates
– Flexible terms and structures
– Options for primary residences, vacation homes, and investment properties

Eligibility & Guidelines
– Strong credit and income required
– Larger down payment often needed (typically 10–20%)
– Appraisal and reserve requirements apply

Ideal For
– Buyers purchasing high-value homes
– Borrowers with complex financial portfolios

Overview
Debt Service Coverage Ratio (DSCR) loans are designed for real estate investors who prefer to qualify based on rental income instead of personal income. It’s a flexible path for growing your investment portfolio.

Key Features
– Qualification based on property cash flow
– No tax returns or personal income documentation required
– Suitable for short-term or long-term rentals
– 30-year fixed or adjustable terms available

Eligibility & Guidelines
– Minimum DSCR typically 1.0 or higher
– Down payments around 20–25%
– Minimum credit score around 660

Ideal For
– Investors seeking simpler qualification
– Buyers expanding rental portfolios

Overview
A Reverse Mortgage, or Home Equity Conversion Mortgage (HECM), lets homeowners 62 and older convert home equity into cash without selling or making monthly payments.

Key Features
– No monthly mortgage payments required
– Multiple payout options (lump sum, line of credit, monthly)
– Retain ownership and stay in your home
– Federally insured for protection and flexibility

Eligibility & Guidelines
– Borrower must be 62 or older
– Home must be a primary residence
– Sufficient equity required

Ideal For
– Homeowners seeking to supplement retirement income
– Seniors wishing to age in place

Overview
For self-employed borrowers whose tax returns don’t reflect their full income, Bank Statement Loans provide a smarter way to qualify. At StonePath Mortgage, we help entrepreneurs find a path that reflects their true financial strength.

Key Features
– Income verified using 12–24 months of bank statements
– Personal or business accounts accepted
– Higher loan limits available
– Flexible credit and down payment options

Eligibility & Guidelines
– Typically requires 12–24 months of statements
– Minimum credit score 620–660
– Down payment 10–20% depending on profile

Ideal For
– Self-employed professionals
– Small business owners and freelancers
– Borrowers with strong cash flow but high deductions

Overview
Refinancing your mortgage can open new paths to financial freedom—whether you want a lower rate, shorter term, or to tap into your home’s equity.

Key Features
– Rate-and-term or cash-out options
– Potential to lower monthly payments
– Eliminate PMI when eligible
– Consolidate debt or fund major expenses

Eligibility & Guidelines
– Credit and equity requirements vary by loan type
– Available for Conventional, FHA, VA, and USDA loans

Ideal For
– Homeowners looking to save on monthly payments
– Borrowers seeking to use equity for upgrades or investments