The Ultimate Guide to Mortgage & Financing Options
We understand that every borrower’s situation is unique. That’s why we offer a full range of mortgage programs from traditional loans backed by agencies like Fannie Mae, FHA, and VA, to specialized portfolio and alternative lending solutions for clients who may not fit the “one-size-fits-all” bank model.
Below, we’ll walk you through exactly how each program works.
Conventional Loans
Best for: Buyers with good credit and steady income
Down Payment: As little as 3%
Highlights:
Lower interest rates with strong credit
Flexible terms (15, 20, or 30 years)
Available for primary, second homes, or investment properties
FHA Loans
Best for: First-time buyers or clients with limited savings/credit
Down Payment: 3.5%
Highlights:
Easier credit requirements
Higher debt-to-income flexibility
Gift funds allowed for down payment
VA Loans (Veterans & Service Members)
Best for: Eligible veterans, active-duty military, and spouses
Down Payment: 0%
Highlights:
No private mortgage insurance (PMI)
Competitive rates
Flexible guidelines and benefits for service members
USDA Loans
Best for: Buyers in eligible rural and suburban areas
Down Payment: 0%
Highlights:
100% financing available
Affordable mortgage insurance
Income and property location restrictions apply
Portfolio & Alternative Loan Programs
Not every borrower fits into traditional guidelines. That’s why The Cruz Team also offers portfolio loan programs, designed to provide flexible solutions for unique situations.
Jumbo Loans
Best for: Financing higher-value homes that exceed conventional loan limits
Highlights:
Larger loan amounts available
Competitive rates with strong credit
Ideal for luxury and high-value properties
Bank Statement Loans
Best for: Self-employed borrowers or business owners
Highlights:
Qualify using business or personal bank statements instead of tax returns
Flexible income documentation
Designed for entrepreneurs and independent earners
DSCR Loans (Debt Service Coverage Ratio)Highlights:
Qualification based on rental income from the property, not personal income
Streamlined process for investment properties
Great for expanding rental portfolios
Foreign National Loans
Best for: Non-U.S. residents purchasing property in the U.S.
Highlights:
Tailored for international buyers
Flexible documentation requirements
Great for investors or second-home purchases
Private Loans (Alternative Lending)
Best for: Borrowers who need creative financing outside traditional programs
Highlights:
Flexible underwriting
Quick closings possible
Case-by-case solutions for unique circumstances
Other Portfolio Solutions
We also work with lenders offering niche loan programs such as:
Asset Depletion Loans (qualify based on assets instead of income)
ITIN Loans (for borrowers without a Social Security Number)
Customized products to fit complex financial scenarios
Why Work with The Cruz Team?
Whether you’re a first-time buyer, an investor, self-employed, or purchasing from abroad, we have the expertise and loan options to guide you.
Book a call with us to explore which program is right for you.
