“What loan is right for me?” It’s one of the first questions homebuyers ask when starting their homeownership journey. The answer can depend on several factors including what financial goals you have set for yourself. At Inspire Home Loans, we understand every homebuyer is unique and offer a wide range of loan options tailored to your needs. Let’s explore our most popular loan products to help you find the right fit!

FHA Loan

A popular loan product amongst first-time homebuyers due to its lower down payment and credit score requirements.

3.5% Down Payment

Down payment as low as 3.5% of your home’s purchase price.

Lower Credit Requirement

Minimum credit score requirement starting at 580.

Gift Funds Allowed

Apply gift funds towards down payment or closings costs.

VA Loan

Affordable loan option available to qualifying service members, veterans, and surviving spouse.

100% financing available

No down payment required.

No Private Mortgage Insurance

Could lead to lower monthly payment compared to other loan options.

Lower Credit Requirement

Minimum credit score requirement starting at 580.

Conventional Loan

A loan option best suited for borrowers with an establish credit history.

3% Down Payment

Available to first-time homebuyers.

Strong Credit Profile

Minimum credit score requirement starting at 620.

Flexible financing for various kinds of home purchases.

Available for primary residences, second homes, and investment properties.

ITIN Borrowers Eligible

For more information, contact one of our Loan Officers.

USDA Loan

Affordable loan options available to borrowers looking to purchase a home in a designated rural area. 

100% financing available

No down payment required.

Home must be within USDA-approved area

Must meet location requirement to be eligible for program.

Income Eligibility

Must meet household income limits

Down Payment Assistance Programs

At Inspire Home Loans we offer a wide variety of down payment assistance options to support your goal of becoming a homeowner. These programs are typically offered by state and local governments, nonprofits, and lenders to provide accessible paths to homeownership by assisting with upfront cost, such as down payments. Access and eligibility to these programs vary depending on location and additional requirements set by the program. Want to learn more about down payment assistance options available in your area? Contact our team today!

Finding the right loan is a key step in your home financing journey – and you don’t have to navigate it alone! At Inspire Home Loans, your dedicated Loan Officer is here to guide you every step of the way, helping you explore the best financing options tailored to your needs.

Ready to take the next step? Start your prequalification today or contact us for more details!