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.
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.
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.
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.
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.
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.
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.
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.
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).
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