Traditional Mortgage Loan Products:

Conventional Mortgage

A conventional mortgage refers to any housing loan that’s insured or guaranteed by Fannie Mae (FNMA) or Freddie Mac (FHLMC). Conventional loans offer competitive interest rates, and income documentation and good credit are required to qualify. There are also programs available for as little as 3% down payment. ¹ But, if your down payment for a purchase, is less than 20%, or in the case of a refinance, your balance is above 80% of your home’s value, you may be required to pay private mortgage insurance (PMI).

FHA Loans

An FHA loan is a mortgage that’s insured by the Federal Housing Administration. Borrowers with FHA loans NJ pay for mortgage insurance, which protects the lender from a loss if the borrower defaults. Moreover, if you’re wondering about FHA vs. VA loan, you should know both are different. There are several types of FHA loans, such as 203k loans FHA, and these insured FHA loans require very little cash to close and provide more flexibility in calculating household income and payment ratios.

VA Loan

Reserved for active military, eligible veterans and reserves or their surviving spouses, VA home mortgage loans are partially backed by the Veterans Administration. They offer those who qualify for a federally VA home building loan that requires little to no down payment.

Fixed and Adjustable Rate Mortgage

At Finance My Home, we offer both fixed-rate and adjustable-rate mortgages (ARM). With a fixed-rate mortgage, your interest rate will not change. But the interest rate charged to you on an adjustable-rate mortgage will change depending on the loan terms and rate adjustment caps.

Jumbo and Super Jumbo

Jumbo and Super Jumbo loans offer financing for mortgages that exceed maximum loan limits that are set by Fannie Mae or Freddie Mac. With jumbo mortgage refinancing, you can make your life easier.

USDA Financing

A United States Department of Agriculture (USDA) home loan is a zero-down payment, lower interest rate mortgage, for eligible rural and suburban properties.² Issued through the USDA loan program, USDA financing is designed to improve the economy and quality of life in rural America.

Second Homes or Investment Properties

For those who qualify, Finance My Home offers a range of home loan options for second homes or investment properties. Though people may use these terms interchangeably, second homes and investment properties are not the same and each have distinct lending requirements and guidelines. Learn more about second homes and investment properties.

Niche Mortgage Loan Products:

FHA 203(k)

An FHA 203(k) loans lets you renovate and purchase or refinance your existing home to upgrade and remodel. All in one loan! Read more about how an FHA 203(k) Loan can provide you the financing needed for home improvements projects without tapping into your savings account.

FHA 203(h)

FHA 203(h) loans are reserved for those who lost their home (owned or rented) in a Presidentially-Declared Major Disaster Area (PDMDA) and are in the process of rebuilding or buying another home. Financing up to 100% of the value is permitted.³

VA 100% Cash Out

The VA Cash Out refinance program is popular with veterans who want to lower their VA home loan rate and/or tap into their home’s equity—up to 100% of its current value. A low interest rate and flexible payment terms make this loan a popular choice among veterans who want to refinance.

FNMA HomeStyle®

The Fannie Mae (FNMA) HomeStyle Renovation loan allows buyers to either purchase a new home or refinance their existing home and make personalized improvements with only one loan closing. The HomeStyle loan does not have any minimum amount of improvements or any restrictions on the type of repairs that can be included in the loan as long as the improvements are permanently affixed to the property and add value. HomeStyle® is a registered trademark of Fannie Mae.

Construction to Perm

Whether you’re building a home or renovating, construction-to-permanent loans can cover your lot, construction, and mortgage financing. Benefits of this mortgage loan program include interest-only payments during construction⁵, a single set of closing costs, and no prepayment penalties.

Energy Efficient Mortgage

FHA’s Energy Efficient Mortgage (EEM) program helps families save money on their utility bills by enabling them to finance energy efficient improvements with their FHA-insured mortgage. Under the EEM loan program, FHA insures a borrower’s mortgage used to purchase or refinance a principal residence, and the cost of any energy efficient improvements to be made to the home.⁶

Mixed Use  

Finance My Home provides mixed-use real estate mortgage financing for the acquisition, refurbishing, or refinancing of mixed-use properties.

Low to Moderate Income Programs

Our low-to moderate-income loan programs assist aspiring homebuyers who have been shut out of the market because of stricter lending requirements.


Not all programs are offered in all states.

¹Restrictions Apply
²100% Financing Available. Property must be in a USDA eligible area for all purchase transactions.  Primary residences only.  Minimum FICO score requirements.  Income and credit restrictions apply.  Other restrictions may also apply
³FHA 203(h) loans are for primary residences, application must be received within one year of the disaster declaration and reconstruction or replacement of the home was deemed necessary. Other restrictions may apply.
Seasoning requirements apply.  In Texas, cash out refinances not available.
⁵Interest-Only during the construction phase, payments are changed to principal, interest, tax and insurance upon conversion to a permanent loan.
⁶Energy-efficient improvements must be cost-effective and the borrower must obtain a home energy assessment. Other restrictions may apply.
⁷100% financing available on 1-unit primary residences for Veterans with full eligibility who are requesting loan amounts between $144,001 to $1,500,000.  Minimum FICO score requirements and other requirements may apply.