purchase Home Loans
Made Simple
Conventional
Access flexible loan terms with minimum down payments as low as 3%. Enjoy industry-low rates, making homeownership more affordable than ever.
FHA/VA
Take advantage of government-backed loans with low down payment options and competitive terms designed for first-time buyers or eligible veterans.
Jumbo Loans
Secure financing for high-value properties in California with loan amounts exceeding conforming limits, reduced costs, and fast, hassle-free closings.
Which Mortgage Loan is Right For You?
Have questions about your loan options? Below are answers to some of the most common questions.
What is a conventional loan and how do I qualify?
A conventional loan is a mortgage with flexible terms and competitive interest rates. To qualify, you typically need a credit score of at least 620, a stable income, and a debt-to-income (DTI) ratio under 50%. A down payment as low as 3% may be required, but putting down 20% can eliminate private mortgage insurance (PMI). Call us today, and our mortgage experts will answer your questions and help you choose the perfect loan option for your unique situation.
What is an Jumbo loan and how do I qualify?
An FHA loan is a mortgage insured by the Federal Housing Administration, designed to assist low- to moderate-income borrowers, particularly first-time homebuyers. To qualify, you’ll need a minimum credit score of 580 for a 3.5% down payment; scores between 500 and 579 require a 10% down payment. Additionally, a debt-to-income ratio below 43% is typically expected, and the home must serve as your primary residence. FHA loans also mandate mortgage insurance premiums (MIP) for the life of the loan.
For personalized guidance and to explore if an FHA loan suits your needs, contact Deal Street Capital. Our mortgage experts are ready to answer your questions and help you select the right loan option for your situation.
What is a VA loan and how do I qualify?
A VA loan is a mortgage option partially guaranteed by the U.S. Department of Veterans Affairs (VA) to help veterans, active-duty service members, and eligible surviving spouses purchase homes. Benefits include no down payment, no private mortgage insurance (PMI), and competitive interest rates.Eligibility depends on length and character of service. While the VA does not set a minimum credit score, most lenders require a score of 620, sufficient income, and a satisfactory debt-to-income ratio. Applicants must obtain a Certificate of Eligibility (COE), and the property must be the primary residence.For personalized assistance, contact Deal Street Capital. Our mortgage experts are ready to answer your questions and guide you through the process.
What is an FHA loan and how do I qualify?
An FHA loan is a mortgage insured by the Federal Housing Administration, designed to assist low- to moderate-income borrowers, particularly first-time homebuyers. To qualify, you’ll need a minimum credit score of 580 for a 3.5% down payment; scores between 500 and 579 require a 10% down payment. Additionally, a debt-to-income ratio below 43% is typically expected, and the home must serve as your primary residence. FHA loans also mandate mortgage insurance premiums (MIP) for the life of the loan.
For personalized guidance and to explore if an FHA loan suits your needs, contact Deal Street Capital. Our mortgage experts are ready to answer your questions and help you select the right loan option for your situation.
Real Estate & Mortgage Report
