Mortgage Solutions
Compare your financing choices, explore all 18 loan guides, or ask Alfred where to start.
What are you trying to accomplish?
Request an Introduction to a Licensed Mortgage Professional
Terms Real Estate can help organize your preliminary financing scenario and, at your request, connect you with an independently licensed mortgage professional. Formal applications, pre-approvals, underwriting decisions, rates, terms, and loan commitments are handled solely by the licensed mortgage provider.
You are free to choose any lender and are not required to use a mortgage provider introduced by Terms Real Estate.
What Happens Next
- 1You submit a preliminary financing inquiry.
- 2Terms helps organize the scenario without pulling credit or collecting an SSN.
- 3With your affirmative authorization, Terms coordinates an introduction to an independently licensed mortgage professional.
- 4The licensed provider handles the formal mortgage process, pre-approval, and underwriting.
Compare Financing Options
Browse all 18 options. Open a guide for details, or ask Alfred about a specific loan.
Conventional Mortgage
Fannie Mae / Freddie Mac (Conforming)
- Down payment options from 3% for qualified first-time buyers
- Private Mortgage Insurance (PMI) cancellable upon reaching 20% equity
FHA Loan
Federal Housing Administration (HUD)
- 3.5% minimum down payment for eligible borrowers
- Accommodates lower credit profiles and flexible debt ratios
VA Home Loan
U.S. Department of Veterans Affairs
- 0% down payment required on primary residence purchases
- Zero monthly private mortgage insurance (PMI / MIP)
USDA Rural Development Loan
USDA Rural Development (Section 502)
- 100% financing with zero down payment requirement
- Below-market annual guarantee fees compared to standard FHA MIP
Jumbo Mortgage
Non-Conforming / Private Capital
- Financing for loan balances exceeding county conforming baseline thresholds
- Tailored underwriting for luxury primary residences and high-value acquisitions
FHA 203(k) Renovation Loan
HUD / FHA Renovation Lending
- Single closing combining property acquisition and renovation escrow funds
- 3.5% down payment calculated on projected after-improved value
Rate-and-Term Refinance
Conventional / Government Refinance
- Replaces existing mortgage with revised terms without pulling out net cash
- Eliminates private mortgage insurance when equity has grown past 20%
Cash-Out Refinance
Conventional / FHA / VA Cash-Out
- Single first-lien mortgage replacing existing debt and disbursing liquidity
- Conforming guidelines typically cap loan-to-value (LTV) at 80% on primary residences
Home Equity Line of Credit (HELOC)
Revolving Second-Lien Line of Credit
- Revolving line of credit allowing borrow-repay-reborrow flexibility
- Leaves existing first-mortgage interest rate and terms completely untouched
Home Equity Loan (Fixed Second)
Closed-End Fixed-Rate Second Mortgage
- Predictable fixed monthly payments with locked interest rate throughout the term
- Fully disbursed lump sum at settlement with no variable payment surprises
FHA Streamline Refinance
FHA Streamline Refinance Program
- No new appraisal required in many instances, bypassing equity recalculations
- Reduced income and employment verification requirements
VA IRRRL (Streamline Refinance)
VA Interest Rate Reduction Refinance Loan
- Reduced documentation with no appraisal or income underwriting required in most cases
- Very low VA funding fee (currently 0.5% of the loan amount, with disability exemptions applying)
DSCR Investor Loan
Debt-Service Coverage Ratio (Investor)
- Qualification based on property rental income (Gross Rent / Debt Service), not personal W-2s
- Can close directly under an LLC, corporate entity, or individual borrower name
Conventional Investment Property Loan
Fannie Mae / Freddie Mac Investment
- Conforming interest rates backed by government-sponsored enterprise secondary market liquidity
- Minimum down payment typically 15% for single-family rentals (25% for 2-4 unit properties)
Fix & Flip / Bridge Loan
Short-Term Asset-Based Bridge Capital
- Short-term loan durations (typically 6 to 24 months) with interest-only monthly payments
- Up to 85-90% Loan-to-Cost (LTC) and up to 70-75% After-Repair-Value (ARV) limits
Bank Statement / Non-QM Loan
Alternative Documentation Non-QM
- Income calculated from 12 or 24 consecutive months of personal or business bank deposits
- Avoids tax return write-off limitations that depress net qualifying income
Commercial & Multifamily Financing
Commercial Real Estate (5+ Units / Mixed-Use)
- Custom financing for 5+ unit apartment complexes, mixed-use, and light commercial real estate
- Underwritten based on Net Operating Income (NOI), cap rate valuation, and debt coverage ratios
Portfolio / Blanket Financing
Multi-Property Cross-Collateralized Facility
- Cross-collateralizes multiple properties under a single loan agreement and monthly payment
- Includes structured partial release clauses allowing individual property sales without payoff penalties
Unsure Which Program Fits Your Scenario?
Tell Alfred what you want to finance. He can help compare the options and prepare questions for a licensed mortgage professional.