FHA (Federal Housing Administration) loans are insured by the Federal Housing Administration and backed by the government. As compared to conventional loans, these loans have more flexible lending requirements. Private lenders fund these loans flexibly and have low standards for qualification typically because these loans are insured against default which provides adequate coverage to the lender in case the borrower fails to pay back.

At Greentree Mortgage, we offer clients conventional Purchase Loans, Reverse Mortgages, Streamline Loans, and FHA 203K Mortgages.

A Jumbo loan is a non-conforming conventional mortgage loan. It does not meet Freddie Mac and Fannie Mae guidelines and conforming loan limit of $417,000 for a single-family home. Jumbo loans are available for primary homes, vacation homes, and investment properties. They are available as adjustable rate and fixed rate loans. The average rate of interest on these loans is higher interest backed by stricter underwriting and large down payment requirements, typically because of the high risk involved.

The USDA mortgage is a niche loan option offered only by the USDA approved lenders backed and guaranteed by the United States Department of Agriculture. It is a loan product exclusively designed to help people in the rural areas of the US.

Served the US military? Thinking of buying a home? If yes, then apply for VA mortgage loan. VA loan is a home mortgage offered by lenders and guaranteed by the US Department of Veteran Affairs. It is a long-term financing product offered to eligible American veterans who have or are serving the US military. VA loans are also offered to their surviving spouses (provided they do not remarry).