Other Loan Products

Conventional Loan

For people in search of a basic loan.

About Conventional Loans

Conventional mortgages are the most popular option for borrowers looking to purchase or refinance a home. Borrowers may choose between fixed- and adjustable-rate mortgages with terms from 10 to 30 years. Conventional mortgages are not insured or guaranteed by any government agency and may be sold to Fannie Mae or Freddie Mac.
Many borrowers enjoy the consistent monthly payment that comes with a fixed-rate Conventional loan, as this tends to make budgeting easier. However, adjustable-rate mortgages (ARMs) may make the initial payment lower with the payment adjusting after the fifth, seventh, or tenth year and every two years after for the term of the loan.

Why Get a Conventional Loan?

  • Put down as little as 3%.*
  • Credit scores as low as 620 may be accepted.
  • Fixed rates offer consistent monthly payments and simplify planning and budgeting.
  • ARMs may have lower initial monthly payments than fixed-rate loans and adjust after the fixed term.
  • Available for purchase, refinance, or cash-out refinance.
    *Depending on specific loan characteristics.

FHA Loan

For people who seek flexibility.

About FHA Loans

A low down payment could open the door to your new home! Insured by the Federal Housing Administration, FHA loans were originally designed to serve first-time buyers with less-than-perfect credit or past credit issues. Today, FHA loans are available to borrowers of all kinds—even homeowners looking to refinance. FHA loans are generally more flexible in credit, income, and down payment requirements making them a secure choice for borrowers who might not qualify for Conventional loans.

Why Get an FHA Loan?

  • Put down as little as 3.5% for fixed-rate loans.
  • Credit scores as low as 580 may be accepted.
  • Can be easier to qualify for than Conventional loans.
  • Fixed and adjustable rates are available.
  • It’s possible to refinance a Conventional loan into an FHA loan.
  • FHA to FHA streamline refinances do not require an appraisal.
  • Available for cash-out refinance or rate/term refinance.
  • FHA-eligible down payment assistance programs allowed with a Cardinal Financial-approved program.
  • Looking for a specific product not listed above? Give us a call and one of our loan officers will be happy to assist you.

Jumbo Loans

For people seeking a high balance loan.

About Jumbo Loans

Are you buying a luxury home? Looking for a loan greater than the Conventional loan limit? Jumbo loans make it possible for borrowers to purchase properties with low interest rates and loan amounts up to $3M. We offer a wide variety of Jumbo loan products, including fixed- and adjustable-rate mortgages. We also carry an interest-only option, which means your monthly payment is all interest and no principal! If you have a high credit score, low debt-to-income ratio, and a sizable down payment, a Jumbo loan may be the best choice for you.

Why Get a Jumbo Loan?

  • Put down as little as 10%.
  • Credit scores as low as 660 may be accepted.
  • Loan amounts up to $3M.
  • Low interest rates for qualifying borrowers.
  • Fixed rate, adjustable rate, and interest-only adjustable rate.
  • May be used for primary residence, second home, or investment property.
  • Looking for a specific product not listed above? Give us a call and one of our loan officers will be happy to assist you.

USDA Loan

A great no money down loan for the right borrowers.

About USDA Loans

Searching for a home in a rural area? We help make it happen with 100% financing and flexible credit and underwriting terms. Insured by the U.S. Department of Agriculture, USDA loans are mortgages made specifically for rural properties. The USDA’s Single Family Housing Guaranteed loan program is a popular choice for low- and moderate-income families looking to purchase or refinance a home. USDA loans are an affordable method to obtain adequate, decent, and safe housing in rural areas. Eligible applicants may build, rehabilitate, or relocate a dwelling in an eligible rural area.

Why Get a USDA Loan?

  • 0% down payment.
  • Credit scores as low as 580 may be accepted.
  • Low to moderate income may qualify.
  • Borrower must be a U.S. citizen, non-citizen U.S. national, or qualified permanent resident alien.
  • Rural properties only (certain geographic eligibility requirements apply).
  • Available for purchase, rate/term refinance, or streamline refinance.

Looking for a specific product not listed above? Give us a call and one of our loan officers will be happy to assist you.

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Once you have confirmed your eligibility and learned about all of the incredible benefits of the VA Home Loan, you can complete the process by applying online.

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Find out how our team can help your dreams become reality!

Talk to one of our experts today.

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