Whether you're purchasing your first home or your forever home, understanding your financing options is one of the most important steps in the buying process. Explore the most common loan programs and discover which one best fits your goals and financial situation.
FHA Loans
Flexible Financing for More Buyers
FHA loans feature lower down payment requirements and more flexible credit guidelines, making homeownership accessible for first-time buyers and those with limited savings.
Conventional Loans
Great for Buyers with Strong Credit
Conventional loans are one of the most flexible financing options available. They often offer competitive interest rates, flexible terms, and are ideal for buyers with solid credit and stable income.
USDA Loans
Zero Down Payment in Eligible Areas
USDA financing helps qualified buyers purchase homes in eligible rural communities with zero down payment and affordable financing options.
VA Loans
Flexible Financing for More Buyers
Available to eligible veterans, active-duty military members, and qualified surviving spouses. VA loans can offer zero down payment, competitive interest rates, and reduced closing costs.
Jumbo Loans
Financing for Luxury Properties
Buying a high-value home? Jumbo loans provide financing above conventional loan limits and are designed for luxury and custom homes.
Down Payment Assistance
Grants & Assistance Programs
Many buyers qualify for local and state programs that can help reduce upfront costs through grants, forgivable loans, or down payment assistance. Hector can help determine which programs may be available to you.
First-Time Home Buyers
A step-by-step guide to buying your first home with confidence. Learn about down payment assistance, loan programs, closing costs, and what to expect throughout the buying process.
VA & Military Buyers
Specialized guidance for active-duty military, veterans, and their families. Discover VA loan benefits, military relocation assistance, and exclusive homebuying strategies.
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Home Affordability
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FAQs
Here are answers to some of the most common questions buyers ask before getting started.
How much do I need for a down payment on a home?
The amount you need for a down payment depends on the type of loan you choose. Many buyers are surprised to learn that you may not need 20% down.
VA Loans: 0% down (for eligible veterans and military members)
USDA Loans: 0% down (for eligible rural areas)
FHA Loans: As little as 3.5% down
Conventional Loans: As little as 3% down for qualified buyers
What's included in my monthly mortgage payment?
Should I get pre-approved before looking at homes?
What are closing costs, and how much should I expect to pay?
How long does it take to buy a home?
Can you recommend trusted lenders and local professionals?