Loan Options

Loan Options We know every borrower is different. That’s why we have a wide variety of loan options. Whether you’re a first-time homebuyer, a veteran, self-employed, or looking for a high-value loan, we have a program that fits your needs. Contact Envoy Mortgage in Tampa, FL (South) to learn more. Conventional Loans With a conventional loan, you can buy a home with as little as 3% down. These loans are not backed by the government, and they typically require a higher credit score than government-backed loans. Government Loans FHA Loans Backed by the Federal Housing Administration (FHA), these loans have more flexible credit and down payment requirements, making them a popular choice for first-time homebuyers. VA Loans Available to veterans, active-duty military personnel, and eligible surviving spouses, VA loans offer benefits like no down payment and no private mortgage insurance (PMI). USDA Loans For eligible rural and suburban homebuyers, USDA loans offer 100% financing and low mortgage insurance rates. Jumbo Loans If you’re looking to finance a high-value property, a jumbo loan may be the right option. These loans exceed the conforming loan limits set by Fannie Mae and Freddie Mac. Renovation Loans Looking to buy a fixer-upper? A renovation loan can help you finance the purchase and renovation costs with a single loan. Self-Employed Borrowers We understand the unique challenges that self-employed borrowers face. That’s why we offer loan options specifically designed for self-employed individuals, with flexible income verification requirements.