Find the Right Mortgage for You
Finding the right home loan is essential to making your dream of homeownership a reality. At Acre Lending Team, we offer a variety of mortgage options tailored to fit your financial situation and goals. Whether you're a first-time buyer, a veteran, or a self-employed borrower, we have a loan program designed to meet your needs. Explore our home purchase loan options below to see which one is right for you.
Conventional Loans
Buyers with strong credit – Typically requires a 620+ credit score for competitive interest rates.
Homebuyers with at least 3%-20% down – The more you put down, the better the terms and lower the mortgage insurance (if applicable).
Borrowers looking to avoid PMI – With 20% down, you can bypass private mortgage insurance.
Buyers purchasing primary, secondary, or investment properties – More flexible than government-backed loans.
FHA Loans
First-time homebuyers – Allows lower credit scores (as low as 580) and small down payments (3.5%).
Buyers with limited savings – The low down payment requirement makes homeownership more accessible.
Borrowers with past credit challenges – More lenient with higher debt-to-income (DTI) ratios and past financial difficulties.
Buyers looking for competitive interest rates – Despite low credit scores, FHA rates are competitive.
VA Loans
(For Veterans & Active-Duty Military Only)
Eligible veterans, active-duty service members, and spouses – A well-earned benefit of military service.
Buyers looking for zero down payment – 100% financing means no out-of-pocket down payment costs.
Homebuyers wanting to avoid PMI – No private mortgage insurance required, saving thousands over time.
Borrowers seeking low interest rates and relaxed credit requirements – VA loans often offer some of the lowest rates available.
USDA Loans
(For Rural & Suburban Homebuyers)
Buyers purchasing in eligible rural and suburban areas – Properties must be located in USDA-designated zones.
Homebuyers with low-to-moderate income – Income limits apply, making it ideal for those who qualify.
Buyers looking for zero down payment – 100% financing makes this one of the most affordable loan options.
Borrowers wanting lower mortgage insurance costs – USDA loans offer cheaper mortgage insurance compared to FHA loans.
Jumbo Loans
(For High-Value Home Purchases)
Buyers purchasing luxury or high-cost homes – Needed for loans above $726,200 (or higher in certain areas).
Borrowers with strong credit and financial reserves – Typically requires a 700+ credit score and 6-12 months of reserves.
Homebuyers with a larger down payment – Most lenders require 10%-20% down.
Buyers looking for flexible financing on high-end properties – Jumbo loans can be used for primary, secondary, and investment properties.
Non-QM Loans
(For Unique Financial Situations)
Self-employed borrowers and freelancers – Qualify using bank statements instead of tax returns.
Real estate investors – DSCR (Debt Service Coverage Ratio) loans allow approval based on rental income.
Buyers with non-traditional income sources – Perfect for entrepreneurs, business owners, and commission-based earners.
Homebuyers with credit challenges – Non-QM loans offer flexible underwriting for those with recent bankruptcies, foreclosures, or high DTI ratios.
Reverse Loans
(For Seniors Aged 62+ Buying a Home)
Seniors aged 62 and older looking to buy a home – Use a Home Equity Conversion Mortgage (HECM) for Purchase to finance your new home with no monthly mortgage payments.
Retirees wanting to downsize or relocate – Buy a home that better suits your retirement needs while keeping more cash in hand.
Buyers looking to preserve savings – Use home equity to finance part of the purchase, allowing you to retain more of your retirement funds.
Borrowers wanting flexible payment options – Choose to pay property taxes and insurance while maintaining no required monthly mortgage payment.
DSCR Loans
(For Real Estate Investors)
Investors looking to qualify based on rental income – Approval is based on Debt Service Coverage Ratio (DSCR) rather than personal income or employment history.
Buyers expanding their rental portfolio – No restrictions on the number of properties financed, making it ideal for real estate investors.
Self-employed or non-traditional borrowers – No tax returns or income verification required, making it a great fit for business owners and freelancers.
Investors wanting flexible property options – DSCR loans can be used for single-family homes, multifamily properties, and short-term rentals (Airbnb/VRBO).
Have a questions?
Speak to our mortgage experts today!
Acre Mortgage is an Equal Housing Lender. We fully comply with the Equal Credit Opportunity Act (ECOA) and all other Federal regulations. All applicants applying for credit from Acre Mortgage will never be discouraged on on the basis of race, color, religion, national origin, sex, military status ,marital status, age, or because you get public assistance. All information we request is voluntary, and will be kept confidential. For more information on the ECOA, please visit:
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