Types of Home Loans

Conventional, FHA, and VA home Loans

There are many types of loans available. At Carrington Mortgage Services, we want your finding the right loan to be a positive experience.

FHA Loans

Offers more flexible qualifying criteria and requires smaller down payments than with most conventional loans.

FHA 203k: Combine repairs and home financing into one loan.
FHA 203h: Financing for those impacted by natural disasters.

Conventional Loans

Offers a stable monthly payment.

Jumbo Loans

Various options for mortgages over $417,000 and up to $2.5 million.

VA Loans

Valuable option for American veterans, members of the military, and some surviving spouses.

Down Payment Assistance (DPA) Programs

Carrington Mortgage Services, LLC (“CMS”) permits certain Down Payment Assistance programs that assist borrowers who meet specific criteria, such as first-time homebuyers, borrowers with lower incomes, and those attending homeowner counseling, among others.

USDA Loans

USDA loans are primarily used to help low-income individuals or households purchase or refinance homes in rural areas.

Non-Prime Loans

An ideal solution for people with lower credit scores, high debt-to-income ratios, and recent credit events.