Mortgage Loans

    Welcome to Equity Loans mortgage center.  In this section of our website you will be able to learn about individual mortgage programs including history and what advantages each have to offer.  We have also put a quicklook chart for you reference below.

              

Mortgage Program	Down Payment	Funding Fee	Monthly MI	Credit Score	Max Loan
FHA	3.5%	1.75%	0.55%	620	Varies by    County
VA	0%	2.15%	N/A	620	700K
USDA	0%	3.50%	N/A	620	Income Dependent
Conventional	5%	N/A	0.78%	620	417K
Conventional	10%	N/A	0.56%	620	417K
Conventional	15%	N/A	0.32%	620	417K
Conventional	20%	N/A	N/A	620	417K
Non-Conforming	10%	N/A	N/A	660	500K
Non-Conforming	20%	N/A	N/A	660	1.5 Million
Non-Conforming	20%	N/A	N/A	680	2.0 Million
Non-Conforming	50%	N/A	N/A	680	3.0 Million