Loan Types

Explore Flexible Mortgage and Loan Programs

Choosing the right mortgage is one of the most important steps in your homeownership or investment journey. Statewide Funding offers a wide range of loan programs designed to meet the needs of first-time buyers, homeowners, self-employed borrowers, and property investors.

Whether you’re buying, refinancing, or investing, explore solutions that match your financial goals.

Traditional & Government-Backed Loans

These are the most common loan options for homebuyers and homeowners.

Conventional

Ideal for borrowers with solid credit and stable income

FHA

Great for first-time buyers or lower credit profiles

FHA 203k

Perfect for buyers who want to finance both the home and renovations

FHA Jumbo

For higher-priced homes that exceed standard FHA limits

FHA Streamline

Simplified refinancing for existing FHA borrowers

VA

Exclusive benefits for eligible veterans and service members

VA JUMBO Loans

For veterans purchasing higher-value properties

VA STREAMLINE IRRRL REFI Loans

Fast refinance for existing VA loans

Jumbo

For luxury or high-value home purchases

Home Equity Mortgage Loans

Access cash using your home’s value

First Time Buyer Programs

Support programs for new homebuyers

Down Payment Assistance Loans

Helps reduce upfront costs

USDA Home Loans

Designed for rural and eligible suburban areas

Investment Property Loans

For rental and income-producing properties

Construction Loans

Financing for building a home.

Reverse Mortgages

For homeowners looking to access home equity in retirement

Reverse Purchase Mortgage

Buy a home using reverse mortgage benefits

Fixed

Stable payments over the life of the loan

ARM

Interest rate adjusts after an initial fixed period

Refinancing

Replace your current loan with a better one

Non-QM and Non-Traditional Loans

Bank Statement Loans

For self-employed borrowers using bank deposits instead of tax returns

1-year Self Employed Loans

Shorter income history required

DSCR / Investment Property Loans

Based on rental income rather than personal income

Profit & Loss Only Loans

Qualification based on business performance

Asset Qualifier/Utilization Loans

Uses assets instead of income for approval

Fix/Flip Loans

Short-term funding for property investors

No Income Verification Loans

Minimal income documentation required

Hard Money/Private Money

Fast funding based on property value

Bridge Loans / Swing Loans

Short-term financing while transitioning between properties

Interest Only

Lower initial payments focused on interest

Foreign National Loans

For non-U.S. residents purchasing property

ITIN Loans

For borrowers without Social Security Number

1 Day Settled Foreclosure Loans

Quick eligibility after foreclosure resolution

Mortgage Lates Loans

Flexible options for borrowers with recent late payments

1 Day Discharged BK Loans

Programs available shortly after bankruptcy discharge

Commercial Loans

Statewide Funding also provides commercial mortgage solutions for investors and business owners:

Office buildings
Retail spaces
Multi-unit properties
Mixed-use developments

Key Advantages:

Competitive commercial loan terms
Financing for growth and business expansion
Guidance for income-producing properties

Quick Loan Comparison

Category	Ideal For	Key Advantage
Traditional Loans	Homebuyers	Stable and predictable
Government Loans	First-time or flexible buyers	Easier qualification
Non-QM Loans	Self-employed borrowers	Flexible documentation
Investment Loans	Real estate investors	Income potential
Commercial Loans	Business properties	Growth and scalability

How to Choose the Right Loan

Selecting the right mortgage depends on your goals, financial situation, and future plans. Our specialists help you:

Assess homebuyer goals: first-time buyer, upgrading, or investing
Determine down payment and budget
Compare interest rates and terms
Decide loan purpose: purchase, refinance, or cash-out
Understand credit profile impact

Loan Options FAQs

FHA loans or conventional loans with low down payment options are often best for first-time buyers.

Non-QM loans are flexible programs for borrowers who don’t meet traditional requirements, such as self-employed or investor borrowers.

Yes. Statewide Funding offers rate & term or cash-out refinancing options depending on your goals.

Lower rates reduce monthly payments and total interest, while higher rates increase them. Adjustable-rate loans may change over time.

Find the Loan That Fits Your Goals

Compare mortgage programs, explore terms, and see how each loan type can work for your financial situation. Our experts guide you through every step.

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