Conventional loans
Conventional financing is not insured by a federal housing agency. Qualification and mortgage insurance considerations depend on the loan structure and borrower profile.
General loan education
Explore the Paths. Then Talk It Through.
Loan programs are not one-size-fits-all. Start with the broad categories, then ask Jonathan how eligibility, property type, occupancy, credit, and documentation may shape the official review.
Education, not a credit decision
The program name is only the beginning.
A useful loan conversation looks beyond a label. It considers who will occupy the property, where it is located, how the home will be used, and what the available documentation supports.
The summaries below are general education. They do not confirm program availability, eligibility, credit approval, property approval, or loan terms. Jonathan can help you identify questions to discuss through REV Mortgage's official process.
Common categories
Build a working vocabulary for the conversation.
Each category has specific guidelines and may include additional costs or requirements. Programs and guidelines can change.
FHA loans
FHA loans are insured by the Federal Housing Administration and include program-specific mortgage insurance, property, occupancy, and qualification requirements.
VA loans
VA-backed loans may be available to eligible Veterans, service members, and certain surviving spouses. A qualifying purchase can offer a no-down-payment path and no monthly private mortgage insurance, while a funding fee, closing costs, entitlement, occupancy, credit, income, residual-income, appraisal, property, and lender requirements still apply. Start with the VA home-loan library, or go directly to eligibility and the COE, qualifying, or VA costs.
→USDA loans
USDA-backed financing is designed for eligible borrowers and properties in qualifying areas, with household income and other program requirements.
Jumbo loans
Loan amounts above applicable conforming limits can follow different documentation, reserve, credit, and property guidelines.
Other considerations
Purchase, refinance, occupancy, property type, and loan size can influence which financing paths may be available for discussion.
REV Mortgage is not affiliated with or endorsed by the U.S. Department of Veterans Affairs, the Federal Housing Administration, the U.S. Department of Agriculture, or any other government agency. Government-backed does not mean government-issued.
Questions to bring
Turn categories into a useful conversation.
You do not need to choose a program on your own. Start with what matters about your situation.
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01
How will the property be used?
Primary residence, second home, and investment property scenarios can be treated differently under loan guidelines.
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02
Where is the property located?
Location can affect program eligibility, loan limits, taxes, insurance considerations, and property requirements.
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03
What is your intended next step?
Share whether you are gathering information, preparing to shop, already under contract, or reviewing an existing home loan.
Have a program question?
Talk with Jonathan before deciding which path deserves a closer review.