What Loan program can be right for you? Below will be some popular loan programs that are offered. Review the qualifications and down payment amounts $ to see which may be best suited for YOU!


VA Loan-Takes away the down payment without the risk of Private Mortgage Insurance. Essentially, you can finance 100% of your purchase price. ONLY available to Veterans.

Minimum down payment: 0%
Best for: Military Veterans

FHA Loan-Makes homeownership more affordable with less down payment needed and easier credit requirements

Minimum down payment: 3.5%
Best for: First time home buyers but repeat Buyers can still qualify!

Conventional Loan – A Conventional Loan may be the most common and often times the best interest rates but not always!

Min Down Payment: 5% of your purchase price although 20% is the standard
Best for: Repeat Buyers

USDA Loan-This mortgage option was created to promote the purchase of rural land.

Minimum down payment: 0%
Best for: Investors

Rehab Loan-Enables homebuyers and homeowners to finance both the purchase or refinance along with the renovation of a home through a single mortgage.

Minimum down payment: 3.5% for FHA203(k) Rehab Loan
Best for: Buyers who wants to purchase a property with some work that needs to be done

ARM Loans-These rates start out lower and seemingly very attractive. They fluctuate up or down with the Market. Typically good if you don’t plan to stay at your residence for too long or if you plan to refinance at a later time.

Minimum down payment: 10% although 20% is the standard
Best for: Any interested Buyer


Blackrock Investments and Finance, Inc.
direct (951) 963-4023 | cell (626) 731-4485 |fax (626) 529-0850
email | web
CA DRE: 01884583

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.