Loan Programs | FHA, VA, USDA, Conventional & DPA | The FUN Funder
What’s available

Loan Programs,
Explained Simply.

FHA, VA, USDA, Conventional and down payment assistance — without the jargon.

Important: This page explains loan types in general terms. Eligibility, rates and terms depend on your individual situation and are subject to credit approval, income verification and program guidelines. Nothing here is a commitment to lend.

The main loan types

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FHA Loans

Backed by the Federal Housing Administration. Often the most flexible option on credit score and down payment, which makes it a common fit for first-time buyers. Mortgage insurance applies.

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Conventional Loans

Not government-insured. Typically rewards stronger credit with better pricing, and mortgage insurance can usually be removed once you reach sufficient equity.

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VA Loans

For eligible veterans, active-duty service members and certain surviving spouses. No down payment is required in many cases and there is no monthly mortgage insurance.

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USDA Loans

For eligible properties in qualifying rural and suburban areas. No down payment required in many cases, subject to income and location limits.

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Down Payment Assistance

Grants and second-lien programs that help cover down payment and closing costs. Available in nearly every state I lend in — and most buyers never find out they qualify.

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Refinance

Rate-and-term or cash-out options for buyers who already own. Worth reviewing whenever your rate, your equity or your goals have changed.

Which one is right for you?

Honestly — that’s the wrong first question. The right first question is where do you actually stand today? Once we know your credit range, income picture, savings and timeline, the right program usually becomes obvious.

That’s exactly what a Mortgage Map™ Review does. Twenty minutes, free, no credit pull, and you leave with a documented plan showing your recommended loan strategy, estimated payment, DPA programs you qualify for, and your cash-to-close number.

Down payment assistance by state

I’m licensed in five states, and each one runs its own assistance programs with their own income limits, purchase price caps and eligibility rules:

  • South Carolina — SC Housing programs
  • North Carolina — NC Housing Finance Agency programs
  • Georgia — Georgia Dream and related programs
  • Florida — Florida Housing programs
  • Ohio — Ohio Housing Finance Agency programs

Program availability, funding and guidelines change regularly. Your Mortgage Map™ reflects what is actually available for your situation at the time we build it.

Common questions

Do I need 20% down?

No. That is the single most common myth in home buying. Several programs allow far less, and down payment assistance may reduce what you need to bring even further.

What credit score do I need?

Many of the programs I work with start at a 580 minimum. Higher scores generally improve your pricing, but a lower score does not automatically disqualify you.

Will checking my options hurt my credit?

No. The Readiness Score™ and the Mortgage Map™ Review both require no credit pull and no Social Security number to start.

What if I am self-employed?

Self-employed and commission-based buyers absolutely qualify. Documentation looks different, which is exactly why having a plan up front matters more for you than for a W-2 buyer.

Find your program in 20 minutes.

Stop researching loan types in the abstract. Find out which ones you actually qualify for.